THE “INERTIA OF INSTABILITY.”

Yeltsin’s national security advisor Yuri Baturin said in the April 28 Izvestiya that Russian reforms would encounter more “stormy weather” in 1995 and that the “inertia of instability” will continue until at least 2002. Even the lessening of inflation in recent months may not help. Russian Finance Minister Vladimir Panskov said that a fall in interest rates as a result of a fall in inflation might lead Russian depositors to exchange more rubles for dollars thus reigniting inflation, Moscow radio reported April 27. In Washington for the IMF and World Bank meetings, Panskov told the April 27 Segodnya that Moscow had made no progress in rescheduling its Western debt.

Privatization Restores a Monopoly.