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KIEV Ukrainian Central Bank Governor Valeria Gontareva will leave her job on Thursday, leaving her deputy in charge, the central bank said, setting the stage for potentially protracted negotiations between president and parliament on her replacement.

Praised by the International Monetary Fund and some investors for her reforms of the banking system, Gontareva, a former investment banker and business partner of President Petro Poroshenko, tendered her resignation a month ago after a sustained campaign against her from protesters and lawmakers.

But Poroshenko has not yet accepted her resignation or nominated a candidate to replace her. Some names have been doing the rounds and the European Bank for Reconstruction and Development has backed Volodymyr Lavrenchuk, head of Raiffeisen's (RBIV.VI) Ukrainian unit, for the job.

Deputy Governor Yakiv Smoliy will take charge until a new governor is found, the central bank said in its statement.

"Valeria Gontareva is ceasing all official business at the central bank and going on compulsory leave until (parliament) ... approves her resignation," it said.

"... Yakiv Smoliy will act as chairman of the National Bank of Ukraine until the appointment of a new chairman."

Parliament is in recess from April until mid-May, meaning Poroshenko has not consulted lawmakers about Gontareva's replacement, Iryna Lutsenko, a lawmaker and the president's representative in parliament, told 112 TV on Tuesday.

"The president will determine his nominee after political consultations with parliament," she said.

Gontareva tendered her resignation on April 10 and, in a parting shot, warned that the political pressure on her position would increase after her departure.

She took charge of the central bank nearly three years ago, after Russia's annexation of Crimea and with Ukraine in the throes of a pro-Russian separatist uprising.

Her departure leaves Poroshenko with one fewer ally in power at a time when lenders are already questioning Ukraine's ability to follow through on promised reforms.

It nearly completes an exodus of reformers who were appointed after Poroshenko's pro-Western administration took charge following the Maidan street protests in 2013-2014.

The IMF, which is supporting Ukraine with a $17.5 billion bailout program that began in 2015, has urged Kiev to appoint a governor with the kind of independence that will allow him or her to build on Gontareva's reforms.

These include shutting down half Ukraine's lenders and switching to a flexible exchange rate. She also nationalized PrivatBank, an oligarch-owned lender of systemic importance, which she said lent all its corporate loans to parties related to its owners.

(Writing by Matthias Williams; Editing by Kevin Liffey)

U.S. stocks were mixed on Wednesday as investors digested President Donald Trump's abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia.

WASHINGTON Finance officials from the Group of Seven industrial economies this week will discuss U.S. President Donald Trump's tax and regulatory reforms, efforts to combat terrorist financing and a brightening economic picture, a senior U.S. Treasury official said on Wednesday.

WASHINGTON The U.S. government had a $182 billion budget surplus in April, confounding market expectations for a deficit, according to Treasury Department data released on Wednesday.

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Ukraine central bank post in political limbo as Gontareva leaves - Reuters

Australian contestant Isaiah Firebrace has made it through to the Eurovision finals to be held this weekend in Kyiv, Ukraine.

The 17-year-oldperformed his song Dont Come Easy in the first semi-final early this morning, Australian time.

The young performer, from the tiny town of Moama in southern NSW, was one of 10 in the first semi-final to make it through to finals night.

"Tonight I just wanted to deliver my best performance and really connect to the lyrics of my song and make Australia proud," Firebrace said.

"Eurovision has been a dream come true for me, and Im so happy I get to be on the stage again for the Grand Final. I am so thankful for all the support from fans over here and everyone back home."

Firebrace is the third Australian to compete in the contest, after Dami Im, who took second place in 2016, and Guy Sebastian, who placed fifth in 2015.

He isnt the only Australian contestant in this years competition. Denmarks contestant, Anja Nissen, was raised on her parents farm west of Sydney and won The Voice in 2014.

She will compete in the second semi-final night to be held Friday morning Australian-time.

SBS will broadcast semi-final two on Friday at 5am and the grand final on Sunday at 5am. The shows will be available on SBS On Demand shortly after they finish airing.

The finals and semi-finals will be rebroadcast this weekend, on Friday, Saturday and Sunday at 7.30 pm.

Ukraine won the right to hold the contest with an emotionally and politically charged entry, 1944, performed by Jamala in last years contest.

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Australia's Isaiah Firebrace makes it through to Eurovision finals in Ukraine - SBS

When the Eurovision Song Contest starts today in Kiev, Ukraine, one country will be noticeably absent: Russia is sitting out the competition. The supposedly unifying contest has been the stage of tensions between the two countries for the past several years.

Ukraine was last years winner, and therefore this years host country, but its 2016 victory was not without controversy. Despite Eurovisions explicit ban on political lyrics, the countrys contestant Jamala sang 1944, which she said she wrote about her familys removal from Crimea amid Joseph Stalins mass deportations of Crimean Tatars. The Muslim Turkic ethnic minority now makes up almost 15 percent of Crimeas population; Jamala was the first member to perform at Eurovision, and she later dedicated the song to Tatars living under Russian control in Crimea, much to Russias dismay.

Ukraine's Bittersweet Independence Day

But some viewers point out that Russia hasnt steered clear of politics either: Russias poorly received 2014 entry could be interpreted as a reference to that countrys annexation of Crimea, which happened just months before the competition. After all, the song does feature the lyrics, Living on the edge/ Closer to the crime/ Cross the line a step at a time/ Maybe theres a place/ Maybe theres a time/ Maybe theres a day youll be mine.

Jamalas win last year set the stage for more strained politics, which have surfaced in the months leading up to Tuesdays contest. In March, Ukraine banned Russias contestant, Yuliya Samoylova, from entering the country to participate because she visited Crimea in 2015 after it was annexed by Russia. Barring Samoylova, who has used a wheelchair since childhood, has created a public-relations headache for Ukraineand its been argued that was part of the point. According to the BBC, some suspect Moscow knew what would happen when it chose [Yuliya] Samoilova, knowing that she had travelled to Crimea. While Russia has protested Ukraines decision, it has refused to replace her, saying she will go on to represent her country in next years Eurovision contest. Russia also rejected Ukraines offer to have her perform remotely, and has since announced it will not broadcast the contest at all.

This is the first year a country has banned another nations contestant, and Eurovisions organizers are not happy that their event seems to be the new continental theater in which Ukraine and Russias drama plays out. But its certainly not the first time international confrontations have factored into the competition. From Georgias 2009 withdrawal over a restricted song that subtly protested Vladimir Putin to the outcry over human rights abuses in Azerbaijan (where the contest took place in 2012), the concert meant to showcase European talent and unity often features an unspoken, but not necessarily unsung, political undercurrent.

Americans might view Eurovision as an annual oddity: Its where Swedens ABBA got its start with Waterloo in 1974 and where Austrias bearded drag queen Conchita Wurst won 40 years later. But the contests history provides an illuminating perspective on postwar Europe. Eurovision started in 1956 as a way to help unify the continent in the aftermath of World War II. As William Lee Adams, a close observer and obsessive chronicler of Eurovision, wrote for The New York Times, it began as a decidedly less flashy affair, with women in ball gowns singing classy chansons. Only decades later did it transform into a showcase for nationalism on psychedelics: Every year features outrageous sequined and bejeweled costumes and set designs (not the least of which included a man in a giant hamster wheel).

In part, the breakup of the U.S.S.R. offered a chance to reconceive the contest as former Soviet countries began participating. Since the end of the Cold War, Eurovision has served as a form of cultural diplomacy of East European states in order to express their aspirations for European integration, according to the European Commissions study of the event. Participation can also offer an opportunity for building national prestige; as The Atlantic explained in 2014, The contest, much like Miss World, the World Cup, and the Olympics, is a stage for countries to come out to the world after years of oppression, and showcase the first flushes of independence.

Today, it serves as a stage for countries to express their national pride and affirm their European affiliation, and this is true even for competitors who come from well outside Europes geographic boundaries. From the seven countries that participated in the initial concert, Eurovision has grown to include over 40, including some non-continental ones like Australia and Israel. (Nations are allowed to participate if their broadcasters are members of the European Broadcasters Union.) In fact, offering an expansive and inclusive vision of Europe is now central to the contests mission: This years theme is celebrate diversity.

Over the course of three rounds in one week, the performances are scored by both official juries and by European viewers. The voting portion gives countries the opportunity to renew perennial pop alliances (mainly because voters arent allowed to pick their own countries contestants). A 2006 statistical study found that they tend to vote in blocs: You can count on the Scandinavians to support each other, and the Balkans have each others back. Even the U.K. and Ireland trade points with one another.

More than 200 million people tuned in to last years contest (this year, Europhiles in the U.S. can watch on Logo TV). While its hard to say how much the Russian broadcaster boycott will affect this years viewership, plenty of eyes will be trained on Kievand not just to see what ridiculous outfits and choreography will take the stage.

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Eurovision Will Be Extra Political This Year - The Atlantic

Ukraine is looking for Canada's backing as the embattled eastern European country establishes a special court to deal with anti-corruption cases.

Legislation to set up the separate judicial framework is still making its way through the Ukrainian parliament, but the country's deputy Speaker OksanaSyroyid saidher government needs other nations to help select independent-minded judges.

Syroyidis in Ottawa for three days of meetings with Canadian officials, where she is pressing the case for judicial reform, but also explaining the growing complexities of the war with Russian-backed separatists in eastern Ukraine.

Faith in the justice system has been sorely tested in two recent cases, one of them involving a powerful ex-lawmaker, Mykola Martynenko, who is accused of widespread corruption.

He was arrested April 21on a series of charges.

But he was granted bail under a judiciary which is still largely modelled on the old Soviet system and populated with appointees of ousted former president Viktor Yanukovych.

Syroyid saidthe dismay of ordinary people is understandable.

"They just don't have trust in the justice system," said Syroyid, who received a master's degree in law from the University of Ottawa in 2003.

"Trust has been lost, unfortunately, a long time ago. People of Ukraine are frustrated by state institutions in general. For decades, Ukrainian state institutions were working not for the people of Ukraine but for the interests of seven specific persons," she said, referencingpowerful oligarchs who have andin some casescontinue to control vast swaths of the country's economy.

Oksana Syroyid, deputy Speaker of Ukraine's parliament, was in Ottawa and Washington pressing the case for judicial reform. (Murray Brewster/CBC)

Both the Canadian and American embassies were consulted in the development of the legislation for the anti-corruption court, and Syroyid saidshe believes Canada would have several good candidates to help in the selection of judges.

A separate court is also one of the benchmarks established by the International Monetary Fund, which is pressuring the current government of Petro Poroshenko to clean up the economy.

The country recently established a separate prosecution wing for high-level official corruption.

Syroyid saidoverhauling the existing justice system is a going to be a decade-long process that will require training lawyers and judges in a completely new way of thinking.

Ukraine's issues were underlined recently when four former Berkut riot police officers were granted bail after being charged with murder and torture related to the 2014 Maidan protests that brought down the Yanukovych government.

Each of the former, highly trained cops promptly fled to Russia, claiming in local media reportsthat it was "too dangerous" for them to remain in Ukraine.

The country's interior minister has been accused of obstructing the prosecution. The department oversaw the officers, whowere accused of firing into protesters during the uprising, killing as many as 100 people.

At least six other members of the same unit, including one commander, fled the country in 2014 to avoid prosecution.

Canada has been involved in helping Ukraine overhaul its traffic police, training and equipping new officers.

The Trudeau government also committed to helping with judicial reform and pledged funding to develop a modern legal aid system, which Syroyid saidwill go a long way to restoring faith in the justice system for ordinary people.

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Ukraine seeking Canada's help to set up high-level corruption court - CBC.ca

Steven Seagal attends qualifying ahead of the Russian Formula One Grand Prix at Sochi Autodrom in Sochi, Russia on October 11, 2014.

Clive Mason / Getty Images

MINSK, Belarus -- Ukraine has banned action film actorSteven Seagal from entering the country for five years.

Seagal, an American, was given Russian citizenship by President Vladimir Putin last year in a ceremony shown on state television. He has vocally defended the Russian leader's policies and criticized the U.S. government.

A statement from the Ukrainian Security Service on Friday said Seagal's entry was banned "on the basis of Ukrainian national security." It did not elaborate.

Russian President Vladimir Putin, right, speaks with US actor Steven Seagal, left, at the Russian Black Sea resort of Sochi on August 11, 2012.

AFP/Getty Images

Seagal also reportedly has spoken in favor of Russia's 2014 annexation of the Crimean Peninsula from Ukraine. That same year, Putin enlisted Seagal to preach physical fitness and to sell his vision, CBS News correspondent Elizabeth Palmer reports.

"I know him well enough to know that he is one of the greatest world leaders, if not the greatest world leader, alive today," Seagal said of Putin at the time. "He cares more about Russia than anybody I know. And he's not afraid to get up and do what needs to be done."

2017 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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Ukraine bans Steven Seagal as national security threat - CBS News