Ukraine's Viktor Yanukovich, after being sworn in as president, said he has taken over the reins of power at a time when Ukraine faced colossal debts, a ruined economy and poverty, Reuters reported.
"A new period of our new history is beginning. The country is in a difficult situation," he said in his inauguration speech, saying the former Soviet republic faced "colossal debts, poverty, a collapsing economy, corruption".
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