Ukraine president signs decree to dissolve parliament ahead of election

Ukraine President Petro Poroshenko sings the national anthem during a parade to celebrate Ukraine's Independence Day in Kiev, Ukraine, Sunday, Aug. 24, 2014. Ukraine's president has vowed to boost military spending by 40 billion hryvnia ($3 billion) in the next three years as government forces seek to overpower pro-Russian separatists in the east. (AP Photo/Efrem Lukatsky)

KIEV (Reuters) - Ukrainian President Petro Poroshenko signed a decree on Monday to dissolve parliament, he said on a Twitter post, paving the way for a new election.

"I have decided to prematurely end the authority of parliament," he wrote.

Under the law, the election must be held within 60 days of the decree being published, which could mean an election being held at the end of October.

(Reporting by Richard Balmforth; Editing by Alison Williams)