Word: rublee
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Russian nationalist and would-be president Vladimir Zhirinovsky finally has broken his silence over an incident in the parliament last Saturday when he choked Yevgenia Tishkovskaya, a female legislator, and pulled her hair during a political debate. As usual, he did himself no favors. Commenting on Tishkovskaya's 100 million...
That, however, can only exacerbate Moscow's budget problems. Russia is finding it increasingly difficult to pay its bills and as a result faces growing instability. Last week its troubles multiplied when an International Monetary Fund team left Moscow without agreeing to a $12 billion emergency package to help cover...
Even as Yeltsin spoke, serious things were happening in Moscow that he was powerless to stop. Financial markets, al- ready spooked by the Chechen conflict and further unnerved by the atmosphere of political uncertainty, drove the ruble toward an all-time low against the dollar, even as a delegation from...
TIME: Why did the Russian ruble drop so dramatically in value last month?
As part of the continuing fallout from the Oct. 11 crash of the ruble, Russian President Boris Yeltsin shuffled his economic team, appointing as Finance Minister Vladimir Panskov, a Soviet-era budget specialist who had been briefly imprisoned on bribery charges that were later dropped. Alexander Shokhin, Economics Minister and...