Russian Crisis - Is it a buying opportunity? Message Board

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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?

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To: Ray Tarke who wrote (138)	9/2/1998 8:55:00 AM
From: Ray Tarke	Read Replies (1) of 175

Yeltsin says Russia needs U.S. support, not cash MOSCOW, Sept 2 (Reuters) - President Boris Yeltsin said on Wednesday Russia needed political support from the United States, not cash, to attract investors. ''What we need from the United States is political support, support for Russian refoms,'' Yeltsin told a joint news conference with visiting U.S. President Bill Clinton. ''This is what we need. And then all investors who want to come to the reformed Russia, then they will come.'' Yeltsin said he had no intention of abandoning his reform course despite the pressures of an economic crisis and resistance from his communist opponents in parliament. ''We must carry out reforms to the end, to the end and receive returns for this accordingly,'' he said, adding a set of measures has been worked out to halt the crisis. ''We have now adopted a programme of stabilisation measures. I believe that this programme will bear fruit in the next two years.'' Yeltsin sounds like a CEO will turn profitable in the next quarter..while stringing us along.... sure Regards, R.T

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