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. Last Updated: 07/27/2016

A brief look at the stories making headlines in the Russian-language press

August 7,1998.


Anatoly Chubais has qualities of a politician, who can effectively deal with anti-crisis management. It's no secret that prominent politicians and big businessmen view him as the "ideal president for 2000."

It's evident that the IMF stabilization credit is not able to effectively influence the financial situation in the country and the government, despite its numerous assurances that it won't seek any additional sources to boost the state treasury, it will have to do soon. This was stated at the session of the Cabinet yesterday.

Historian Alexander Senin tries to compare the measures Soviet power took to overcome a deep financial and economic crisis in 1917 to he current critical economic and financial situation.

In an interview, Chechnya's ex-President Zelimkhan Yandarbiyev talks about his attitude toward recent political developments in his republic.


The story describes an accident that happened August 4 at the Sredne-Uralsk copper-smelting factory, where the electric system collapsed, threatening an ecological catastrophe. Fortunately, there were not many people around and only one worker received serious burns to his face.

In an interview, State Duma deputy (KPRF faction) Vladimir Semago talks about his plans to participate in the gubernatorial elections in Nizhny Novgorod.

It was stated yesterday by deputy press attache in Moscow, David Firestein, that New American 20-dollar banknotes will appear in circulation in Russia in mid-fall.


Prime Minister Sergei Kiriyenko backed tax chief Boris Fyodorov's proposal to raise wages for his staff and expand their powers.

The Federal Border Service is experiencing the most acute financial crisis in the past years: In the first half of the year it received only 51 percent of its planned funds from the Finance Ministry. Under these conditions the service must implement reform.

At its regular session yesterday, the government and insurance officials approved a draft of guidelines aimed at boosting the national insurance system in 1998 to 2000.

Despite the government's previous assurances not to borrow on the external market at

least until the end of October, the government yesterday decided to determine the volume of a release of securities this year worth up to $14 billion.

The KAMAZ Board of Directors has endorsed a list of enterprises in which the company intends to give up its share of participation. The means earned income will be used to pay off wage arrears.


On August 9, Moscow builders are celebrating their holiday -- Construction Worker's Day.

The Permanent International Criminal Court has been instituted at the initiative of the UN. Its task is to prevent new wars in the world.


A new public and political organization -- the Russian Party for the Protection of Women -- will emerge in Russia.