President of Ukraine Ukraine lacks many of the executive powers of a president and is only meant to serve for a short time before a new election can take place. During his tenure Oleksandr Turchynov was addressed as "acting president" by other Ukrainian politicians and the media. The 2014 election took place on 25 May, with businessman Petro Poroshenko winning over 54 percent of the vote; Yulia Tymoshenko was the runner up with around 13 percent. Poroshenko was sworn in as president on 7 June 2014. On 18 June 2015 Yanukovych was officially deprived of the title of President of Ukraine. The Government
Oleksandr Yanukovych contracts than any other businessmen since the beginning of 2012. Forbes.ua reported in February 2014 that in January 2014, for example, his businesses won 50% of all state tenders. In early 2014, his personal assets were claimed to be over $500 million. The Ukrainian Bank of Development was founded in 1995 and controlled by Valentyna Arbuzova. Reports allege that since 2011, Yanukovych purchased stock in the bank to achieve 100% ownership. In 2014, investigations by anti-corruption organizations into the bank and potential bribery charges against Yanukovych were launched. These included an order to freeze Swiss assets of both Yanukovych and