08/22/1998 15:08:24 Yeltsin, Kohl have telephone conversation
MOSCOW, Aug 22 (Reuters) - Russian President Boris Yeltsin
had a telephone conversation with German Chancellor Helmut Kohl
on Saturday, the Kremlin press service said without giving
Kohl said on Friday in Bonn he planned a "very extensive"
conversation with Yeltsin to urge him to press ahead with reform
of the crisis-hit Russian economy, without which there could be
no more financial aid from the International Monetary Fund.
The German stock market fell on concern about Russia on
Friday after Prime Minister Sergei Kiriyenko told parliament the
country's crisis had only just begun.
Russia is due to unveil a debt restructuring plan on Monday,
converting an estimated $40 billion worth of short-term debt
into longer-term paper. Foreign investors fear the plan will
favour Russians at the expense of foreigners.