Ukraine's PM Yatsenyuk quits after loss of majority

Ukraine's embattled Prime Minister Arseniy Yatsenyuk announced on Sunday that he is resigning, opening the way for the formation of a new government to end a drawn-out political crisis.

In his weekly televised address, Yatsenyuk said his resignation would be formally submitted to parliament on Tuesday. The same day, parliament is expected to vote to elect the current speaker, Volodymyr Groysman, as the new prime minister.

Yatsenyuk's cabinet survived a no-confidence vote in February, but two parties left the governing coalition to protest the failure to oust the prime minister, who is under fire over the worsening economy and slow pace of reforms.

The withdrawal deprived the coalition of its majority in the Ukrainian parliament. If lawmakers had failed to form a new coalition and unite behind a new prime minister, that could have led to early elections, which President Petro Poroshenko had sought to avoid for fear of further destabilizing the situation in the country.

''From today I see my goals as broader than the powers of the head of the government,'' Yatsenyuk said. He said he would focus on passing a new electoral law, enacting constitutional and judicial reform, and ensuring ''the coalition's control over the course of the new government''.

Yatsenyuk said the two factions remaining in the coalition - one led by him and the other by Poroshenko - had won the support of a sufficient number of other parliament members to restore their majority in the 450-seat parliament. He said Poroshenko's party has nominated Groysman as his replacement.

Political analysts said it was now clear that Groysman would become prime minister, a step that should help to restore stability.

Yatsenyuk became prime minister after Ukraine's former Russia-friendly president was chased from power in February 2014 following massive street protests. Poroshenko was elected several months later with broad support and a seal of approval from Western leaders.

In recent months, political tensions have risen and some respected reformers have resigned, citing disenchantment with the government's cronyism and entrenched corruption.

Ukraine has remained locked in a bitter tug-of-war with Moscow, which annexed the Crimean Peninsula in 2014 and supports a pro-Russian insurgency in eastern Ukraine, where fighting has killed more than 9,000 people since April 2014 and devastated the nation's industrial heartland.

In February, former Prime Minister Yulia Tymoshenko announced that her faction was withdrawing from the governing coalition.