Powerful Ukrainian Governor Kolomoyskiy Resigns

March 25, 2015 12:04 PM

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Ukrainian President Petro Poroshenko has signed a decree dismissing powerful tycoon Ihor Kolomoyskiy as governor of Dnipropetrovsk, a region near separatist-held territory in the southeast.

Kolomoyskiy's departure follows a public dispute over control of state oil companies and accusations that the prominent former ally of Poroshenko was using private armed forces to protect and promote his interests.

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