RUSSIA PLEDGES ADHERENCE TO ECONOMIC REFORM.

Publication: Monitor Volume: 1 Issue: 109

Reuter quotes a senior Russian official as saying on Tuesday the Russia will keep tough economic reforms on track. Economy Minister Victor Yasin said the Russian economy could start to grow next year, although the initial rise in gross domestic product was unlikely to top 1 percent or 2 percent. "If everything works we expect that next year we will have stabilization, or growth of 1 or 2 percent, and we hope that there will be more energetic growth in 1997," he said. Speaking during annual meetings of the World Bank and International Monetary Fund, Yasin said Russia’s main requirements from the international community included a long-term rescheduling of debts inherited from the former Soviet Union.

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