MOSCOW — By the standards of most countries in most epochs, the Russian government, led for almost two years by Prime Minister Viktor Chernomyrdin, should have perished long ago. It has survived largely by resorting to
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MOSCOW — Plans for a massive oil terminal near the Ukrainian port of Odessa are now likely to be drastically scaled down or abandoned entirely, reports in late August indicated. The project has been the focus of a
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MOSCOW — When a country stops renewing its industry and infrastructure, production does not simply wind down in uneventful fashion. Owners and managers who cannot afford to replace worn-out machinery often cannot afford to
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MOSCOW — Workers in Russia's nuclear power plants appeared close to forcing important concessions from the government in mid-August following weeks of struggle for the payment of back wages and of debts owed to the industry.
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MOSCOW — Picture the situation. An important economic bill drafted by presidential aides meets with strong opposition in the parliament. Efforts to find a compromise fail, and the bill is rejected by the lawmakers. Then
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MOSCOW — Some 67% of Russians, a recent survey discovered, have no savings. Those who do have money saved up protect it against inflation through a variety of methods. These include depositing it in savings banks or in the
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MOSCOW — "There is a general feeling — at least among those inclined to be bullish on the subject — that a post-reform Russian economy has dawned, and we are now moving out across the gently rising pastures on the further
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MOSCOW — Whoever was destined to head the polls in the second round of the Ukrainian presidential elections on July 10, the real winner was never in doubt. That was to be the "party of power" — the layer of high-placed
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MOSCOW — Responding to pleas from terrified business people and urgent demands from Moscow Mayor Yuri Luzhkov, Russian President Boris Yeltsin on June 14 issued a decree permitting tough action against Russia's vast and
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If a presidential election were held in Russia in the near future, the winner would very likely be a populist candidate pledging strong action against corruption and crime; opposing privatisation and promising a
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MOSCOW — Not so long ago, many Russians still believed that if they embraced capitalism, foreign investment would pour in to help modernise and expand their country's decrepit factories. That's a suggestion the new
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MOSCOW — In the last weeks of May, the nerve of Russia's chief economic strategists seemed to crack. Ending months of confident statements by government leaders, President Boris Yeltsin admitted to a meeting of industrial