08/15/1998 11:47:38 Russian PM holds talks on financial crisis -agency
MOSCOW, Aug 15 (Reuters) - Prime Minister Sergei Kiriyenko
met his finance minister, the head of the central bank and the
Kremlin's chief debt negotiator on Saturday to discuss Russia's
economic crisis, Interfax news agency said.
They and other key ministers discussed ways to minimise the
effect on Russia's economy and financial markets of the latest
turbulence on world financial markets, the agency said, quoting
"informed sources in financial circles". The report could not
immediately be confirmed.
Anatoly Chubais, who represents Russia at talks with
international lenders, interrupted his holiday earlier on
Saturday to return to Moscow, Interfax said.
Plunging investor confidence sent Russian shares to two-year
lows on Thursday, pushed up treasury bill yields and put
pressure on the rouble.
President Boris Yeltsin, who has been on holiday in Russia's
northwest for most of a month, returned to the Moscow region to
continue his break there, the Kremlin said earlier on Saturday.
U.S. President Bill Clinton urged Yeltsin by telephone on
Friday to take quick, decisive action on the faltering economy.
Yeltsin and the central bank have ruled out devaluing the rouble
in response to the crisis.