Comedian Volodymyr Zelenskiy celebrates landslide win in Ukraine presidential election

Petro Poroshenko and Volodymyr Zelenskiy at Kiev's Olympic stadium

Zelenskyy, a comedian who played Ukraine's president on a TV show called "Servant of the People", won the election by a landslide, taking more than 73 percent of the vote, according to reports. "We did it together".

Ukrainian comedian and presidential candidate Volodymyr Zelenski speaks to his supporters at his headquarters after the second round of presidential elections in Kiev, Ukraine, Sunday, April 21, 2019.

Mr Poroshenko positioned himself as a president who could stand up to Russian Federation and said Zelenskiy would be easy prey for Moscow.

In the first round of the presidential election on March 31, Zelensky and Poroshenko garnered 30.24 percent and 15.95 percent of the votes, respectively.

At a Kyiv campaign rally on April 18, Poroshenko warned the country it would be "very risky to experiment with the post of president and commander-in-chief" at this time.

Volodymyr Zelenskiy, who plays a fictitious president in a popular TV series, has led opinion polls against the incumbent Petro Poroshenko, whose popularity has been dragged down by patchy efforts to tackle corruption and sliding living standards.

There is no reason for the Rada to be dissolved prematurely, so Zelensky will need to see if he can recruit a majority to support him during those first six crucial months in office-and he will have to decide whether he can form some sort of political movement that will contest for Rada seats in the October elections.

The stunning result for the 41-year-old, who secured almost three-quarters of the votes, is a bitter blow for incumbent Petro Poroshenko who tried to rally Ukrainians around the flag by casting himself as a bulwark against Russian aggression. Tensions were especially high between Russia and Ukraine in November 2018 when the Russian coast guard fired on and seized three Ukrainian vessels in the Black Sea, raising fears the undeclared conflict between the two countries would shift to open war.

The majority of the population hold Poroshenko responsible for the government's failure to tackle endemic corruption in the country.

Ukrainian President Petro Poroshenko (L) and challenger Volodymyr Zelensky (R) are both hoping to win on Sunday.

If polls are correct, he will be elected for a five-year term.

"Since there is complete uncertainty about the economic policy of the person who will become president we simply don't know what is going to happen and that worries the financial community", said Serhiy Fursa, an investment banker at Dragon Capital in Kiev. The government wrested PrivatBank from Kolomoisky as part of a banking system clean-up backed by the International Monetary Fund, which supports Ukraine with a US$3.9 billion loan programme.

If borne out by election returns, the overwhelming victory by Zelenskiy would stand as a crushing rebuke to Poroshenko's five years in office and a verdict on the country's deep-seated corruption, sickly economy, and five-year war against Russian-backed separatists in the country's east that has killed over 13,000 people.

His supporters say only a fresh face can clean up Ukraine's politics. Poroshenko denies any link to an alleged embezzlement scheme involving one of his companies and a top associate.

But on Sunday the two men were respectful, with Poroshenko offering to coach the political novice and Zelensky saying he might seek Poroshenko's advice.

Zelenskiy rode a wave of support in Ukraine's west and east - areas that have been traditionally polarized - on his path to the presidency.

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