Word: yeltsin
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
TIME: What lessons are you drawing from Boris Yeltsin...
...prices are the main reason. Still, says Roderic Lyne, a former British ambassador to Moscow, "the boom doesn't stem from oil alone. Genuine entrepreneurs have built good businesses in telecom, information technology, retail, brewing, food processing and consumer credit." A government that was broke under President Boris Yeltsin has had six budget surpluses in a row, just agreed to speed repayment of its foreign debt, and has socked away over $70 billion in a rainy-day fund. More than 6 million Russians a year now take foreign holidays. There are more than 100,000 U.S.-dollar millionaires...
...leaders that their interest lies in following international norms, while helping them build the domestic institutions and the network of international economic and political ties that such an alignment requires. George W. Bush is no exception. He ran for office proclaiming contempt for Bill Clinton's closeness to Yeltsin, but in office has tried the same dance with Putin - and his aides argue that over Iran, Hamas and North Korea, such an approach is getting results. Next week George and Vladimir will meet once again. Hard facts will be attractively packaged. Bush is prepared to say that Putin should stop...
...under Yeltsin that Russia was first invited to join the G8, not because of any economic power on Russia's part, but as a symbolic gesture to help strengthen him at home against the communist opposition. Putin, on the other hand, will host the G8 in St. Petersburg in July as the leader of the world's second largest oil producer at a time when the game of international relations may be increasingly defined by competition for access to hydrocarbons...
...difference between the Yeltsin and Putin eras isn't simply based on the outlook of each leader: The 400% increase in world oil prices since Yeltsin left office has made a world of difference to the possibilities open to Russia's foreign policy. Yeltsin presided over a once great power reduced to penury and dependent on IMF handouts; Putin is running a booming oil state, which earned around $113 billion from oil exports last year (and a further $30 billion from natural gas exports). Which is why rising global demand for oil created by economic growth may be bad news...