CCTV Script 26/05/14

— This is the script of CNBC's news report for China's CCTV on May 26, Monday.

Welcome to the CNBC Business Daily.

Petro Poroshenko has declared victory in Ukraine's presidential election.

Exit polls show that the Ukrainian billionaire won with just under 56 percent of the vote.

He is calling for nationwide parliamentary elections by year's end.

[Petro Poroshenko / President-Elect of Ukraine] "We should bring the peace and we should bring the law and order. We shoulnt allow to build up Somalian style objects, territorial which can be dangerous to the whole global security. That's why our top priority will be bring the peace, stop the war, improving the security & armed forces of Ukraine.. in close co-operation with our strategic partners on the Budapest memorandum which should be replaced by new security treaty."

Yes, Victory might be sweet, but with challenges mounting on various sides...

Poroshenko's victory may not be as sweet as it seems.

[MIKHEIL SAAKASHVILI / Former President of Georgia (2004-2013)] "I think he's a good choice. I think among the candidates, he's definitely somebody with special qualifications."

[COLIN CHAPMAN / President, Australian Institute of International Affairs, Sydney] "President Poroshenko, if he does become president, really has a tough fight on his hands, because he didn't get the national mandate that he sought."

Poroshenko promised to restore the country to order, after months of fighting between separatists wanting to ally with Russia and the government which believes the country's future lies in the west.

Is this going to be ushering a period of peace for this region?

[COLIN CHAPMAN / President, Australian Institute of International Affairs, Sydney] "Russia-Ukraine relations are going to take a long while to get back to any kind of normality. The real key here is that Putin is a kind of guy who will push and push and push. He will push so far, and then he'll stop pushing if he reliazes he can't go any further. And I think we will see this separatist movement continue. It will cause a lot of trouble. It's not going to go away in 5 days or months. Nonetheless, we've come to the end game for the moment."

Speaking to CNBC last week at the St Petersburg economic forum, Putin said he would respect the wishes of the Ukrainian people but pointed out the illegitimacy of the elections.

Analysts seem to offer mixed optimism on this.

[MIKHEIL SAAKASHVILI / Former President of Georgia (2004-2013)] "Putin is not going to let Ukraine go like this without a fight. He will fight until the end. That's for sure."

[COLIN CHAPMAN / President, Australian Institute of International Affairs, Sydney] "Putin has said that he is going to recognize this election. I don't see how he is going to go back on that although it is possible because of the lack of votes in the eastern region. But I do think that that will be the first call. I think there is a possibility of him coming to terms with Putin I think than other leaders in the west who are currently threatening Russia with all kinds of sanctions."

And so this begs the question...

Can Poroshenko unify Ukraine?

We'll be watching how he can build an inclusive government for Ukraine and its divided regions.

That wraps up this edition of the Business Daily.

I'm Sri Jegarajah, reporting from CNBC's Asian headquarters

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