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. Last Updated: 07/27/2016

business press review

The following are some reactions from the Russian press to the resignation of First Deputy Prime Minister Anatoly Chubais:





The meaning behind [Chubais'] resignation is difficult to overestimate. Difficult because it symbolizes the appearance of a completely new phase in Russia's political life. A phase, in which for the first time in its entire existence, the Russian government no longer deems it necessary to display symbols of the irreversibility of reform ...


In the political sense, there is a lot of mileage to be had from the first deputy prime minister's resignation. Mileage to be had, in spite of the obvious tactical defeat it deals to [Prime Minister] Viktor Chernomyrdin. The Chernomyrdin-Chubais alliance ... has played a significant role in strengthening the prime minister's position. However, the premier was forced to choose between the lesser of two evils. Chubais' resignation deprived the opposition of one of its most key targets for criticism ...


It is now obvious that the government's opponents will have to do some articulate repenting: The president was too fast and literal in fulfilling their campaign rhetoric demands. And now the search for a new "people's most unloved" government bureaucrat may prove extremely long and unsuccessful.


Freeing the government of Anatoly Chubais can be considered the second step in Boris Yeltsin's re-election campaign.


Kommersant Daily, Jan. 17





There are no doubts that Chubais was not the instigator of his resignation. After years of work in the government, he has demonstrated time and again his strength of character and determination to finish what he starts. It is unlikely that he now considers his business finished ...


Chubais' resignation has coincided with an International Monetary Fund mission's visit to Moscow. The purpose of the visit is to make a decision about continuing (or not) to grant credits to Russia. Chubais' resignation before the conclusion of negotiations with the IMF testifies to the fact that the Kremlin most likely does not attach the same level of significance it used to, to cooperation with the international financial organization. In any case, its level bears practically no influence on the electorate's inclinations. And so you have the removal of the man, who many associate with "robbing the people through vouchers" and salary delays that lasted for months at a time.


Izvestia, Jan. 18





In parting with Chubais, Yeltsin has by no means given in to the opposition. He is simply implementing his own pressing political plan, focused on the days up to June 16, 1996....


The words and gestures that surrounded Anatoly Chubais' resignation were completely awkward -- quite funny, actually -- considering that the "mistakes allowed in the first stages of privatization" were long ago overlooked, leaving behind a memory of mass scandal and hysterics. It has taken the president only four years to become enlightened of these mistakes ...


The statements about Chubais' mistakes sound ... politically premeditated -- it is important for the president to show that he is not getting rid of Chubais quietly, and not "in connection with a transfer to another job," but instead because of dissatisfaction with his performance ...


Concerning Chubais himself, no tears are necessary. He will not disappear. It is widely held that Anatoly Chubais was the most capable statesman on the reformers' team. In four years of occupying such a key government post, only once did he take a two-week vacation, demonstrating his wondrous capacity for work, sense of purpose, organizational talent and iron grip, so uncharacteristic of the flabby democrats.


Nezavisimaya Gazeta, Jan. 18





Anatoly Chubais' removal on the day an International Monetary Fund mission arrived ... more than anything, characterizes Russia's current practice regarding human resources ...


The main question is: Does this change in personnel represent a sharp change in policy? There is no single answer ... [but] it is obvious that the immediate purpose is a change in staff and not in policy. Along these lines, after Chubais' removal, one can expect to see a replacement of the government's entire economic bloc. It appears the president is once again hoping to use those who personify his former course to write off its political costs.


Segodnya, Jan. 17





How will Chubais' fate affect the government's economic policies? According to Yegor Gaidar, the resignation ... will lead to a growth in state Treasury bill revenues. Indeed, the first deputy prime minister has made extremely ominous statements concerning revenues on the GKO market in the near future. The government has used GKO sales to cover the lion's share of the budget deficit. If the government and the president embark on the campaign trail embracing popular expenditures at a pace beyond its means (that is, not waiting for income to make its way into the budget), they will have to activate GKO trading. Then state securities will see an inevitable growth in revenues.


Interfax-Argumenty i Fakty, Jan. 15-21