New President resigns as leader of his political party

In a welcomed move Ukraine's new president. Viktor Yanukovych, has resigned as  Party of Regions leader.  Unlike that of Viktor Yushchenko, Yanukovych will comply with the provisions of Ukraine's Constitution by relinquishing any other representative mandate.  In theory, as President, he represents all of Ukraine and not just his political faction.  By resigning from the party leadership Yanukovych removes himself from the day to day operation of party politics.

Article 103 of Ukraine's Constitution states:

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The President of Ukraine shall not have another representative mandate, hold office in bodies of state power or in associations of citizens, and also perform any other paid or entrepreneurial activity, or be a member of an administrative body or board of supervisors of an enterprise that is aimed at making profit.
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