CHERNOMYRDIN RECOMMENDS TOUGH MEASURES... In an uncharacteristically bold statement, acting Prime Minister Viktor Chernomyrdin called for the Russian state to "switch over to economic dictatorship" starting in January under which enterprises would no longer be able to avoid or delay paying taxes. Among the measures he suggested was the payment of pension arrears totaling 20 billion rubles ($1.2 billion), back wages to public sector employees totaling 7.5 billion rubles, 1.5 billion rubles worth of defense industry wages, and 2 billion rubles for science, health, and education spending through a "controlled" monetary emission. And he included 1 billion rubles the government still owes to the victims of Chornobyl. JAC
End Note: ALBANIAN OPPOSITION ON COLLISION COURSE WITH
GOVERNMENT
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
EAST-CENTRAL EUROPE
CHIRAC SUPPORTS IMF LOAN TO UKRAINE. French President Jacques Chirac said on
3 September that France fully supports extending a much-awaited IMF loan to
Ukraine.
On the second day of his official visit to Kyiv Chirac
spoke with IMF Managing Director Michel Camdessus by
telephone and said that the IMF's decision on its credit
program to Ukraine is a "question of days." Chirac also
promised French investments in Ukraine if Kyiv
continues to implement reforms. The two sides signed
four agreements on the peaceful use of nuclear energy,
nuclear safety, energy cooperation, and cooperation
between Ukrainian and French law enforcement bodies. JM
CURRENCY DEALERS SAY STABILIZATION OF HRYVNYA
PROBLEMATIC. The Ukrainian National Bank will find it
difficult to stabilize the national currency, Ukrainian
News reported on 3 September. According to Ukrainian
currency dealers, the depletion of the bank's hardcurrency
reserves may force it to cease supporting the
hryvnya. "The National Bank currently sells $20-40
million per day. At this rate, its reserves will dry up
within one month," Oleksandr Prokopenko from Privatbank
said. Dmytro Fedotov from Ukrsibbank said that even the
$200-250 million that is expected in the first tranche
of the IMF's $2.2 billion loan to Ukraine may not be
sufficient to stabilize the hryvnya. In his opinion,
only the approval of a $400 million loan by the World
Bank this year could help stabilize the country's
currency. JM
BELARUSIAN LAWMAKERS WANT DIRECT ELECTIONS TO RUSSIANBELARUSIAN
PARLIAMENT. Deputies of the Belarusian
Chamber of Representatives have appealed to Russian and
Belarusian citizens to unite efforts in order to
overcome the current crisis, Belapan reported on 3
September. The Belarusian lawmakers propose that both
countries' parliaments urgently consider bills on
introducing a single Belarusian-Russian citizenship and
on direct elections to a joint parliament. The appeal
states that the "economic, political, and moral model of
building the current Russian society [according to the
dictates of] international and regional financialoligarchic
groups...has totally collapsed. At the same
time, the independent and patriotic policy conducted in
Belarus under the leadership of President Alyaksandr
Lukashenka convincingly proves [that policy's] viability
and efficiency." JM
LUKASHENKA CALLS RUSSIAN CRISIS 'POLITICAL HYSTERIA.'
Belarusian President Lukashenka has described the
current crisis in Russia as "nothing more than political
hysteria," Interfax reported on 3 September. "The
situation in Russia is worrying me a great deal. I'm
afraid this crash will affect Belarus," the agency
quoted him as saying on a tour of collective farms in
Mahilyou Oblast. Lukashenka added that he sees no desire
in Russia to deal with the crisis. In his opinion, the
current developments in Russia show that "election
campaigns for the parliament and in effect for the
president have started." JM
BELARUS HIT BY 'CREDIT BLOCKADE.' Belarusian Economy
Minister Uladzimir Shymau has admitted that Belarus
needs considerable foreign investments to integrate its
economy into the world economy, Belapan reported on 3
September. Shymau praised the European Bank for
Reconstruction and Development for its "quite pragmatic
policy" of continuing financial projects in Belarus. He
added that Belarus hopes to "prolong a dialog" with the
IMF and the World Bank, which have recalled their
permanent representatives from Minsk (see "RFE/RL
Newsline," 15 April and 28 August 1998). Deputy Economy
Minister Valeriy Drozd said Belarus received $60.8
million in foreign credits in 1998, which is "only 18
percent of the sum planned for this year. We are under a
credit blockade by international financial
organizations," he commented. JM