• ACI Russia

08/23/1998 14:41:17 Russian PM works out crisis measures - Tass

Обновлено: 22 авг. 2018 г.

MOSCOW, Aug 23 (Reuters) - Prime Minister Sergei Kiriyenko

worked out urgent measures at the weekend to tackle the effects

of Russia's financial crisis on the banking and industrial

sectors, Itar-Tass news agency said on Sunday.

It quoted the government press service as saying Kiriyenko

had held a series of meetings on Saturday and Sunday. It said

the main focus had been on securing guarantees of protection for

ordinary people's savings in Russian banks, but gave no details.

"Prime Minister Sergei Kiriyenko had a string of meetings on

Saturday and Sunday at which a series of urgent measures were

worked out for normalising the situation in the banking and

industry sectors," Tass said.

The government press service was not immediately available

to comment. But Tass said the government would be ready to

toughen control on the actions of private banks and could go as

far as to reform the banking system in general.

The agency said Kiriyenko had also discussed moves to boost

industrial production, which would now be given priority in the

government's efforts to pull Russia out of crisis. Radical

measures were also considered to end a circle of non-payments in

the economy, including barring barter deals, it said.

Kiriyenko plans to discuss the measures with President Boris

Yeltsin on Monday, Tass said.

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