CALIFORNIA | LOCAL
August 18, 1998 |
Monday's devaluation of the Russian ruble and the temporary debt default was inevitable but not a long-term solution. The problem is a fundamentally flawed economic reform that Boris Yeltsin has kept afloat with a financial pyramid game. It has now collapsed. It would be a mistake to provide a huge Western bailout unless the reform strategy, which the West has forced on Russia, is fundamentally changed. We should not forget how few expected this collapse a month ago.
CALIFORNIA | LOCAL
February 6, 1998 |
Boris Yeltsin's warning that U.S. actions in Iraq could lead to a world war has left analysts groping for an explanation for the Russian president's astounding comment. It's not easy understanding Yeltsin. Some of his public statements are baffling. Remember his shocking declaration in Stockholm, when he promised arms reductions that were not part of any agreement or even a topic for negotiation?
November 21, 1997 |
Russian President Boris N. Yeltsin pared the portfolios of his two top reformers Thursday to appease opposition critics who have been stirring up a storm over a top-level bribery scandal and have been holding vital tax and budget laws hostage to their demands. But the moves are unlikely to put an end to the political bloodletting that has already cost four other senior members of the Kremlin reform team their jobs. Yeltsin stripped Anatoly B.
November 17, 1997 |
Anatoly B. Chubais has held many job titles in President Boris N. Yeltsin's Kremlin, and none has ever reflected the real extent of his power as the chief architect and engineer of Russia's historic economic transition. But with his recent admission of impropriety in accepting a $90,000 book advance many here consider an ill-disguised bribe, Chubais may have lost more this time than his latest title.
April 18, 1997 |
President Boris N. Yeltsin has a dream: One day stores here will be filled with Russian goods, and Russians will want to buy them. After decades of empty Soviet shops, the markets of Moscow are overflowing with a huge variety of goods, from pasta and jogging shoes to compact discs and cellular phones. But to the president's dismay, the vast majority of consumer goods sold in Russia come from abroad.
September 1, 1996 |
With a masterful maneuver that promises to save face in the Kremlin and human life in Chechnya, Russian security chief Alexander I. Lebed on Saturday irrevocably hitched his political future to the fate of peace in the separatist southern republic. Although skeptics warn that Lebed may have set himself up for a clash with nationalist opponents and even with President Boris N.