New President Zelensky / Photo from UNIAN

Newly elected President Volodymyr Zelensky has announced that the Verkhovna Rada, Ukraine's parliament, will be disbanded.

He announced the dissolution of the parliament in a speech after his swearing-in ceremony on Monday, May 20.

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"I'm dissolving the Verkhovna Rada of the 8th convocation. Glory to Ukraine!" he said.

He stressed the need for early parliamentary elections.

Earlier, the media shared a draft decree prepared for newly elected President Zelensky on the early dissolution of the parliament and the appointment of snap parliamentary elections. Zelensky is expected to sign it after the inauguration ceremony on May 20.

In his speech, Zelensky also demanded that the Rada reinstate criminal responsibility for illicit enrichment and amend the electoral legislation.

He advised the Cabinet of Ministers to tender letters of resignation. He also demanded that the parliament dismiss the chief of the SBU Security Service of Ukraine, the Prosecutor General and the Minister of Defense. "You have got two months for all this," Zelensky said.