Russia: turning point in year 2000

Author: David Roche

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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.

Ironically, all these uncertainties about Russia’s future are happening after a year in which much of Russia’s past economic disasters have been reversed.

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