The end of the miracle

Article Abstract:

Russia's economists and businessmen on Aug 16, 1998 gathered to discuss the economic future of Russia with Prime Minister Sergei Kiriyenko. Kiriyenko signaled that the central bank would devalue the ruble by more than 50%, which left Russia bankrupt. The government also announced that it would default on its domestic deb of $40 bil and impose a 90-day moratorium on their commercial debts.

International aspects, Economic policy, Ruble (Russia), Currency devaluation, Devaluation (Currency), Kiriyenko, Sergei

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Just how sick is Boris? A sidelined president is the last thing Russia needs

Article Abstract:

Russia's economic vulnerability is exacerbated by president Boris Yeltsin's health problems. Foreign investors link the continued flow of private capital into Russia to relative political stability, which is perceived as problematic at best, and untenable in the wake of Yeltsin's demise. A $700 million loan installment from the International Monetary Fund (IMF) is a stopgap measure.

Health aspects, Foreign investments, Yeltsin, Boris

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Requiem for reform

Article Abstract:

Mourners came in thousands to pay their respect for Galina Starovoitova who was shot by two gunmen on the steps of her apartment. She was an advocate for human rights and contributed much to Boris Yeltsin's presidency. Her burial reminded Russians about their fight for democracy and whether their nation could bear such killings in trying to achieve democracy.

Democracy, Bibliography, Starovoitova, Galina

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