Russia
Boris Yeltsin's erratic leadership has severely damaged the Russian economy, despite years of so-called economic reform. The country's economic crises, including a recent request for a midsummer liquidity infusion, have been exacerbated by Yeltsin's inconsistent and often bombastic reactions to the situation. As a
Russia
Russian President Boris Yeltsin's decision to sack his entire Cabinet and reappoint Viktor Chernomyrdin as Prime Minister has sent shockwaves through international markets, already reeling from fears over devaluations, economic problems in Japan and Latin America, and the consequences of US bombings in Afghanistan and Sudan. The replacement
Russia
The United States must take a leadership role in averting a global recession and addressing economic crises in countries like Russia and Indonesia, House Speaker Newt Gingrich said. With conventional remedies failing to prevent economic collapse in these nations, Gingrich emphasized that the US must step in and guide them
Russia
US Treasury Secretary Robert Rubin and International Monetary Fund (IMF) Managing Director Michel Camdessus have urged the Russian government to move swiftly to restore investor confidence after the decision to devalue the rouble. The US and international community are keen to see successful Russian economic reform, with the IMF providing
