• ACI Russia

08/26/1998 07:05:15 Acting Russia PM unhappy with central bank-agency

MOSCOW, Aug 26 (Reuters) - Acting Russian Prime Minister

Viktor Chernomyrdin is unhappy with the central bank's work in

the last two days and is to talk with the bank's chief, Sergei

Dubinin, Itar-Tass news agency quoted him on Wednesday as


"Financial and economic policy is a question to which I am

giving my attention minute-by-minute. I declare that I am

extremely dissatisfied with the work of the central bank over

the last two days," Tass quoted him as saying, adding that he

would discuss the matter with Dubinin later on Wednesday.

"I will talk seriously with Sergei Dubinin about the

inaction of the main financial institution in the serious

economic situation," Tass quoted Chernomyrdin as saying.

Chernomyrdin's criticism comes after the rouble on Tuesday

plunged 10 percent, its largest one day fall for four years. The

new premier described the currency slide as political rather

than economic.

The news agency also quoted the acting premier as saying he

would on Wednesday take "important decisions" on financing in

the budget sphere. He was quoted as saying the decisions would

touch on teachers, people in the military, doctors and other

categories of workers paid from the budget.

Chernomyrdin was appointed acting prime minister on Sunday

after the shock sacking of former premier Sergei Kiriyenko, who

was just four months in office and himself replaced

Chernomyrdin. Under Russia's constitution, Dubinin cannot be

removed by presidential decree as only parliament has the power

to sack him.

((Patrick Lannin, Moscow Newsroom, +7095 941-8520


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