Poroshenko Declares Victory in Ukraine Elections

Billionaire Petro Poroshenko declared victory Sunday in Ukraine’s presidential election, following preliminary exit polls that suggested he got 56% of the vote.

His closest challenger, former Ukrainian prime minister and leader of the Batkivshchyna party Yulia Tymoshenko, conceded the election after exit polls showed her with 13% of the vote.

Poroshenko, a candy tycoon known as the “Chocolate King,” is also a seasoned politician.
The election took place Sunday despite a recent wave of deadly violence in the east and threats by pro-Russia separatists to prevent citizens from casting their ballots.

Voters were picking a successor to ousted pro-Moscow President Viktor Yanukovych in a country torn apart by Russia’s takeover of Ukraine’s Crimea peninsula and bloody conflict with pro-Russia factions.

The unrest has centered in the Donetsk and Luhansk regions, where separatists have claimed independence following a disputed referendum earlier this month — and many there did not get to cast ballots Sunday.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza