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...reason behind the Kremlin's hustle for dollars is that the Soviet Union has drawn its hard-currency reserves so low that many bills for imported goods remain unpaid, which is quickly eroding the country's credit rating. "We're now advising firms to do business here only if they have a letter of credit or some other cast-iron guarantee of payment beforehand," said the commercial attache of a Western embassy in Moscow. No mention of whether there is a charge for that letter of credit...

Author: /time Magazine | Title: Coming: Bolshoi Panty Hose | 6/25/1990 | See Source »

...advisory presidential council. Rasputin's writings and speeches are often chauvinistically Russian and, according to some, anti-Semitic. But officials in Moscow think they have discovered the reason for Rasputin's elevated post. Raisa Gorbachev is a big fan of his books. A question now making the Kremlin rounds: Does every Czarina need her Rasputin...

Author: /time Magazine | Title: Grapevine: Jun. 25, 1990 | 6/25/1990 | See Source »

...Nikolai Ryzhkov in late May; in fact, many Western experts believe Gorbachev had little to do with fine-tuning it. Almost immediately, the plan's half measures were attacked by conservatives and liberals alike. When the advance warning of price increases set off panic ( buying across the country, the Kremlin lost enthusiasm for the proposals...

Author: /time Magazine | Title: Soviet Union And the Breadwinner Is . . . . . . | 6/25/1990 | See Source »

...that nothing good will come in Cuba while Castro lives. But all that may soon be history. A week before the Bush-Gorbachev summit, a meeting of far greater significance for Latin America took place in Miami. For the first time in public, Soviet diplomats (including Yuri Pavlov, the Kremlin's leading Latinist) met with Cuban-American leaders. "We are accommodating political reality," says a Soviet official. "Bush will remain hostile toward Castro until the Cuban-American community blesses a change...

Author: /time Magazine | Title: The Political Interest: Searching for Cuba Libre | 6/18/1990 | See Source »

...nothing about Moscow's Cuba policy will change until Washington's does. Castro's disdain for perestroika is well known, but the Soviet subsidy of Cuba continues unabated at between $3 billion and $6 billion annually, depending on who is counting. "We have conservatives too," explains the Kremlin's Deputy Foreign Minister, Viktor Komplektov. "There is so much else to push that it is simply easier to avoid a fight with those who idolize Fidel." With Gorbachev thus constrained, the path to perestroika in Havana runs through Washington. "Talk to the Cubans," Gorbachev has told Bush. "Something can be worked...

Author: /time Magazine | Title: The Political Interest: Searching for Cuba Libre | 6/18/1990 | See Source »

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