Word: moscow
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Dates: during 1990-1999
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...MOSCOW: A high-profile tax raid by Russia on its leading tax defaulter, Gazprom, was calculated to impress the IMF, says TIME correspondent Andrew Meier. But even if it accomplishes that, the international body is unlikely to cut the big check Russia so desperately needs. "The IMF seems bent on playing high-stakes brinkmanship," says Meier, "extorting vows to slash the budget and strip the fat before it will agree to bail Russia out." But Russia's condition is deteriorating rapidly...
Unpaid miners were planning to return to their barricades along key rail lines Friday and more state employees were poised to walk out. "IMF officials believe the crisis will force Moscow to undertake reforms which would leave it better off in the long run -- but only if Russia can make it that long," says Meier. Tax reform has persuaded the IMF to release a delayed $670 million installment of a long-term loan, but Russia wants a $10 billion to $15 billion rescue plan. "The bailout has become the key to recovery," says Meier. "It's a psychological thing -- investors...
...MOSCOW: International Monetary Fund official Stanley Fischer left Moscow on Wednesday with some weighty reading for the plane ride home: Russian premier Sergei Kiriyenko's newest plan to make the Russian economy a good risk for a $10 billion IMF bailout. But before leaving, Fischer made it clear that the Russian bear would have to do plenty of dancing before the fund would consider opening its near-empty wallet...
Cacheris can play hardball, but he wraps his barbs in gentlemanly tones. "He can tell you to go to hell in such a way that you look forward to the trip," says John Moscow of the Manhattan district attorney's office. Like all good lawyers, Cacheris knows that in many cases, a deal beats a court fight hands down. Beneficiaries of his bargaining skills include Fawn Hall, the former secretary to Oliver North who won immunity in exchange for testimony, and Ames, who faced a possible death sentence until Cacheris secured a life-in-prison plea bargain. But Cacheris...
This is not a new problem, and it is mostly Moscow's fault. Yeltsin and his several governments have never learned how to collect the billions in taxes that corporations and individuals dodge. Other billions are not collected because of sweetheart deals Yeltsin made with Russian oligarchs when he needed their political support...