The agreement on settling the crisis in Ukraine that was signed by Viktor Yanukovich and Ukraine’s chief oppositionists - Arseny Yatsenyuk, Vitali Klitschko and Oleg Tyagnybok envisions an urgent reverting to the Constitution of 2004, which presupposed the changeover to a parliamentary republic.
The parties to the negotiations, which also involved the foreign ministers of Germany, France and Poland, also formalized their intention to set up a coalition and a national unity government within ten days.
As a result, a constitutional reform called upon to cut down the powers of the President and to boost the powers of parliament at the same time, will be launched immediately and will round up in September 2014.
The presidential election will be held right after the adoption of a new Constitution but not later than in December 2014. A new electoral legislation will be put into effect and a new Central Electoral Commission will be formed on the principle of proportional representation under the rules spelt out by the Organization for Security and Cooperation in Europe (OSCE) and the Venice Commission.