08/29/1998 14:47:50 Chernomyrdin forms special group to fight crisis
MOSCOW, Aug 29 (Reuters) - Russia's acting Prime Minister
Viktor Chernomyrdin has formed a group of senior reformers with
a task to prepare urgent measures to halt the country's acute
financial crisis, a government spokeswoman said on Saturday.
The group is headed by acting Deputy Prime Minister Boris
Fyodorov and included central bank chairman Sergei Dubinin and
acting Finance Minister Milhail Zadornov.
Fyodorov, Dubinin and Zadornov are leading reformers widely
respected in the West. Two other members of the group are the
chairman of Vneshekonombank, Vladimir Kostin, and the acting
head of Russia's State Property Fund, Igor Shuvalov.
Russia is facing an acute financial and economic crisis
which many fear might have a long-lasting negative effect on
world markets and the global economy.
The International Monetary Fund, the United States and
Germany have issued tough warnings that the West will not come
to Russia's rescue if it reverses its six-year drive towards a
more open, market-based economy.
Chernomyrdin is fighting for approval in his post by the
communist-led lower house of parliament and the two sides are
working out a mutually acceptable economic policy. This has
alarmed the West but on Saturday morning the acting premier
stated firmly there would be no return to Soviet past.