Against the tide

    Headline: Against the tide Source: Euromoney magazine Date: January 2000 Author: David Roche Russia: turning point in year 2000 As I write, Russian troops are preparing to blast and occupy the Chechnyan capital, Grozny. As a result, G7 governments are putting pressure on the IMF not to release the next tranche of funds […]

    Headline: Against the tide
Source: Euromoney magazine
Date: January 2000
Author: David Roche

Russia: turning point in year 2000



As I write, Russian troops are preparing to blast and occupy the Chechnyan capital, Grozny. As a result, G7 governments are putting pressure on the IMF not to release the next tranche of funds promised under the credit facility agreed after the collapse of the rouble in summer 1998. At the same time, Russia’s politicians are gearing up for a parliamentary election.






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