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. Last Updated: 07/27/2016

Yeltsin Gives Nizhny Novgorod More Control

A region of Russia known as a showcase for economic reforms has received new powers to manage its own affairs, including greater control over its land, resources, environment and industry.

The power-sharing agreement between the central government and the Nizhny Novgorod region was signed Saturday by President Boris Yeltsin and Governor Boris Nemtsov.

Nemtsov gave Yeltsin a ringing endorsement in his race for re-election at the ceremony.

"When asked why I'm voting for Yeltsin, I tell people I'm voting for Russia, for its stability and its prosperity," Interfax quoted Nemtsov as saying.

The agreement eases Moscow's historic stranglehold by giving the region more control over its natural resources, land, industries, environmental policy and even its many historic buildings.

Such agreements are highly sought after by local officials who feel hampered by Moscow's traditional grip on their affairs. Several are in the works as Yeltsin courts the provincial vote in the June 16 presidential election.