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...doomsday predictions he inspires, Chernomyrdin has both his rhetoric and behavior to thank. Since taking office in December 1992, he has dismissed the "improvisations" of free-enterprise thinkers like Yegor Gaidar as "poorly thought-out experiments," taken a verbal slap at "market romanticism" and disparaged privatization by comparing it to Stalin's forced collectivization, which killed more than 10 million peasants during the 1930s. As for the Prime Minister's policy initiatives, International Monetary Fund officials weighing whether to unlock $1.5 billion in aid to Russia are most disturbed by his willingness to pump increasingly worthless rubles into inefficient state...

Author: /time Magazine | Title: Move Over, Yeltsin | 2/14/1994 | See Source »

...this is acutely embarrassing for Clinton, who had trumpeted Yeltsin's commitment to reform during his Moscow visit. Treasury Secretary Lloyd Bentsen, in particular, waxed enthusiastic about the assurances he had received that reform would continue. Assurances from whom? From the doomed Gaidar and Fyodorov, with whom Bentsen had excellent meetings...

Author: /time Magazine | Title: Enough Bear Stroking | 1/31/1994 | See Source »

...hope so, but Yeltsin is increasingly lonely on that side. In spite of Yeltsin's pleas, Deputy Prime Minister Yegor Gaidar, the engineer of the reform train, said he would not remain in a government that was irresponsible enough to spend $500 million it does not have on a new - Parliament Building and to dilute its floundering ruble by bringing Belarus into a currency union with Russia. Gaidar finally walked out, explaining, "I cannot serve in the government and at the same time be in opposition to it." Yeltsin, Gaidar told TIME, "is trying to protect the reform process...

Author: /time Magazine | Title: One Giant Step Backward | 1/31/1994 | See Source »

...Gaidar, though he may still hope to run for President someday, "he doesn't have the political skills to bring people around to a position they otherwise wouldn't take," says Blair Ruble, director of the Kennan Institute of Advanced Russian Studies in Washington. Just who, Ruble asks, is really out there selling reform to the Russian public? He sees no one doing the job. "They've got to cajole, to bring people into the tent...

Author: /time Magazine | Title: One Giant Step Backward | 1/31/1994 | See Source »

President Boris Yeltsin and Prime Minister Viktor Chernomyrdin announced a new, conservative Cabinet that is expected to reverse or slow down many of the reforms designed to create a market economy in Russia. The country's most prominent advocate of free markets, Economics Minister Yegor Gaidar, had previously resigned, charging that the government was not committed to economic reform. After the Cabinet announcement, Gaidar's reformist comrade- in-arms, Boris Fyodorov, quit his post as Finance Minister and said the country's economic policy was taking a "turn back." Said Chernomyrdin: "The period of market romanticism has ended...

Author: /time Magazine | Title: The Week January 16-22 | 1/31/1994 | See Source »

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