Ukrainian President Viktor Yushchenko announced Wednesday the dismissal of parliament and holding of a snap election because lawmakers failed to form a new coalition government.

In the announcement aired on national television, Yushchenko did not specify the date of the election and justified the termination of the Supreme Rada as in accordance with the constitution.

“As of October 8, I have not received any proposal from any political group that would create a coalition signed by 226 lawmakers,” Yushchenko said in a televised address to the nation Wednesday night. “According to the constitution, I declare the termination of the activity of the Supreme Rada and call the early election.”

"The vote will take place in a democratic and lawful fashion," he added. Yushchenko warned of the dangers his foe posed for Ukraine and insisted his decision was motivated to preserve the “balance of power” and “national interests” of the country.

The President blames the Prime Minister for breakdown of the democratic coalition.

 “I am convinced that the democratic coalition was ruined because of personal ambition of one person, her thirst for power and prevalence of personal interests over the national ones. The Bloc of Yulia Tymoshenko has become a hostage of its leaders, as they were ready to sacrifice everything – the language, security and European perspective.

The President decreed to schedule early elections for December 7 .

"I decree...to hold early elections to the Verkhovna Rada on December 7, 2008," the decree, posted on the president's website says.

The coalition of Yushchenko's Our Ukraine party and Prime Minister Yulia Tymoshenko's bloc broke up on Sept. 3 over political differences. Tymoshenko joined the opposition Party of Regions led by pro-Russia Viktor Yanukovych in enacting the law clipping Yushchenko's powers. The president's party then blocked Tymoshenko's resolution condemning Russia's invasion of Georgia on August 8.

The two leaders have become rivals after rising to power together and setting up a pro-Western government in the 2004 Orange Revolution.

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