Russia Near Collapse NPR's Anne Garrels reports from Moscow that the ruble plummeted today as the Russian Central Bank announced it could no longer prop up the embattled currency. Bewildered Russians lined up outside banks, desperately hoping to withdraw their dollar deposits. The newly reappointed Prime Minister, Viktor Chernomyrdin, meanwhile, flew off to Ukraine to meet with IMF chief Michel Camdessus. The Communist-dominated parliament is stepping up the pressure on Chernomyrdin to appoint a government that will reverse moves toward market reforms. But Western analysts fear just this. They're afraid Chernomyrdin has no clue as to how to stanch the flow of red ink and avert total financial collapse. Amidst all this, President Yeltsin stayed away from the Kremlin, fueling speculation about his imminent resignation.
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Russia Near Collapse

Only Available in Archive Formats.
Russia Near Collapse

Russia Near Collapse

Russia Near Collapse

Only Available in Archive Formats.

NPR's Anne Garrels reports from Moscow that the ruble plummeted today as the Russian Central Bank announced it could no longer prop up the embattled currency. Bewildered Russians lined up outside banks, desperately hoping to withdraw their dollar deposits. The newly reappointed Prime Minister, Viktor Chernomyrdin, meanwhile, flew off to Ukraine to meet with IMF chief Michel Camdessus. The Communist-dominated parliament is stepping up the pressure on Chernomyrdin to appoint a government that will reverse moves toward market reforms. But Western analysts fear just this. They're afraid Chernomyrdin has no clue as to how to stanch the flow of red ink and avert total financial collapse. Amidst all this, President Yeltsin stayed away from the Kremlin, fueling speculation about his imminent resignation.