Word: petrakov
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Gorbachev's two liberal economic advisers, Stanislav Shatalin and Nikolai Petrakov, who were among the chief architects of the 500-Day Plan, say their handiwork "horrified" and "galvanized" the conservatives and led to a crisis session of the party leadership. According to Shatalin, one of the strongest opponents of his plan was Valentin Pavlov, who was then Finance Minister. It was Pavlov, recently appointed Prime Minister, who last month cast a chill on investors from abroad by accusing Westerners of plotting to flood the Soviet market with billions of rubles, wreck the economy and ultimately overthrow Gorbachev. Two weeks...
...Cabinet of Ministers, the Prime Minister has four First Deputies; all of them have links with the military-industrial complex. When Gorbachev's economic advisers Shatalin and Petrakov resigned after the military crackdown in the Baltics in January, he replaced them with two apparatchiks from the staff of the party Central Committee. Says Bogomolov: "Gorbachev is less the President nowadays than the Communist Party General Secretary, carrying out the decisions of the Politburo and the party plenum...
...wonder some experts in Moscow are predicting that the ruble will soon join the Soviet Union on history's trash heap. In an interview with the newspaper Rabochaya Tribuna, economist Yevgeni Petrakov foresaw the "downfall" of the ruble within several months and urged joint action by members of the Commonwealth of Independent States to ease the crisis. Other leading experts doubt that monetary reform by itself can revitalize the economy. "The main task now is not to manipulate finances," Oleg Yashin, first vice president of the Savings Bank of Russia, told Pravda. Rather, he declared, "it is to enable every...
...down to 50 cents. Economists for the Gorbachev-Yeltsin commission contend that once sufficient amounts of money have been pulled out of circulation, prices can be liberalized, since real market forces will operate to keep them stable. Unlike the Poles, argues Gorbachev economic adviser Nikolai Petrakov, "Soviet citizens would rather stand in long lines than confront a rise in prices...
...kind of gibe the Soviet Union's two leading politicos had been exchanging in three years of unabated rivalry. Last week they decided to cooperate: Gorbachev and Yeltsin agreed to set up a commission to frame a relatively radical plan for introducing a market economy. Said Nikolai Petrakov, a Gorbachev adviser and member of the 13-man panel: "This is the most important information...