Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Duma Asks Yeltsin To Rule on Exports

The State Duma has appealed to President Boris Yeltsin to issue an order without delay regulating imports and exports of precious metals and gems, news agencies said Wednesday.

Deputies in the lower house of parliament said the absence of such an order was the reason exporters had not been issued with export quotas for 1999, causing huge losses to regional and federal budgets.

Under the law on precious metals and gems, imports and exports are regulated by the president.

But the value of the Duma's appeal to Yeltsin was not obvious as under the Constitution no presidential decree should contradict a federal law.

It was the Duma itself that passed a law in December 1998 which, because of sloppy wording, has prevented Russia from exporting platinum-group metals except palladium for the whole of 1999.

The Duma passed an amendment to the law in the first reading earlier this month.

But it decided to postpone the second reading Wednesday.