(QHA) -

Ukrainian President Viktor Yanukovych has initiated early presidential elections and anounced  return to the Constitution of 2004 with the redistribution of powers in favor of a parliamentary republic, in an effort to end a violent political crisis that has escalated in Ukraine over the past week.

Yanukovych said this in a statement available on the presidential website.

"I declare that I initiate early presidential elections. I also initiate a return to the Constitution of 2004 with the redistribution of powers in favor of a parliamentary republic," reads the statement.

He also called for the procedure for forming a government of national confidence.

"As the President of Ukraine and the guarantor of the Constitution today I perform my duty to the people, to Ukraine and to God in the name of the state, in the name of for saving the lives of people, in the name of peace and calm on our land," – he claimed.

QHA