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Why Yanukovich’s victory is bad news for Ukraine

With 70% of the vote now counted, Ukraine’s ruling coalition looks likely to maintain its majority in parliament (although by a dangerously thin margin). The good news is that the election has so far passed smoothly, and political instability has been kept to a minimum. The bad news is that the government now needs to deal with an economy on the brink of recession and high risks of currency devaluation.

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