At the beginning of June media circulated reports of sensational negotiations between once-sworn enemies Prime Minister Yulia Tymoshenko and Party of Regions opposition leader Viktor Yanukovitch. This was alleged to be coupled with plans for a constitutional reform to transform Ukraine into a full-fledged parliamentary republic. Then suddenly it was over. The declared attempt for “improvement of people life” appeared to be just another stage of political game. In this report, we include an analysis and forecast of the political situation, as Ukrainian presidential elections approach. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.