Investment in Russia and Eastern Europe Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investment in Russia and Eastern Europe

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rob Shilling who wrote (617)	9/4/1998 11:37:00 AM
From: P.T.Burnem	Read Replies (1) of 1301

''The government has means to boost Russia's currency reserves without seeking aid from Western financial institutions,'' the agency quoted Zadornov as saying. He did not elaborate. No need to. The Russian government will do what it does best: rob its subjects of their meager possessions. Foreign currency accounts in Russian "banks" will be frozen. All withdrawals will have to be made in rubles at confiscatory foreign exchange rates. Export industries's hard currency revenues will too be targeted via punitive excise taxes and a mandatory ruble conversion. PTB "The choice is - either the abyss of hyperinflation or the mobilization of control over the economy,'' Chernomyrdin said in a speech to the Federation Council. "From Jan. of 1999 the country moves to economic dictatorship.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next