Publication: Monitor Volume: 3 Issue: 207

The Ukrainian parliament yesterday practically suspended the industrial privatization program by freezing sales and purchases of state property, pending a presidential appointment and parliamentary confirmation of a State Property Fund chairman. The move aims to oust the SPF’s acting chairman, the reformist Volodymyr Lanoviy, nominated by President Leonid Kuchma but recently turned down by the parliament. Lanoviy reacted by warning that the parliament’s decision would discourage foreign investment while encouraging Ukrainian capital flight. (Ukrainian agencies, November 4; AP, October 5)

Disagreement Surfaces on Yeltsin-Hashimoto Accord.