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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (8191)	8/30/1998 8:21:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 29382

Russian Duma says, "NYET,NYET HELL NYET..." Black Monday tomorrow. FOCUS-Russia Communists set to reject PM candidacy (Adds more comment from party leaders, Berezovsky) By Gareth Jones MOSCOW, Aug 30 (Reuters) - Gennady Zyuganov, whose Communist Party is the biggest faction in Russia's State Duma lower house of parliament, said on Sunday his party would not support Viktor Chernomyrdin's nomination as prime minister on Monday. ''Tomorrow... the whole faction will vote against Chernomyrdin,'' he told NTV commercial television's Itogi current affairs programme. ''Mr Chernomyrdin is an accomplice with (President Boris) Yeltsin in the destruction of the past five years (of Russia's economy),'' he said. Zyuganov said his party's presidium had unanimously agreed on Sunday that the Communists should not sign a compromise deal drawn up at the weekend by Chernomyrdin and parliamentary chiefs under which Yeltsin would give up some of his vast powers and allow parliament a greater say in making policy. Zyuganov's comments appeared to surprise some of his leftist allies in the Duma. Nikolai Ryzhkov, head of the People's Power faction, told Interfax news agency that Zyuganov's rejection of Chernomyrdin was ''not only unexpected but incomprehensible.'' Ryzhkov noted that party chiefs, Chernomyrdin and Kremlin aides had spent many days and nights hammering out the document, which is aimed at ending Russia's dangerous political vacuum. Yeltsin has yet to agree or reject the accord, which is not legally binding. The president has made clear he is not ready for any major rewriting of Russia's post-Soviet constitution but has been badly weakened by the current economic crisis and may make some concessions to ensure Chernomyrdin's approval. Chernomyrdin, racing against time to avert economic meltdown, might yet muster enough votes in Monday's vote. In April Zyuganov pledged to oppose the candidacy of Chernomyrdin's predecessor, Sergei Kiriyenko, but much of his party eventually backed down, fearing an early dissolution of the Duma. If the Duma rejects Yeltsin's candidate for prime minister three times the president must dissolve the chamber and call an early parliamentary election and can appoint whomever he likes as head of the new government. Influential tycoon-turned-politician Boris Berezovsky raised that prospect during a separate interview with Itogi. ''There is absolutely no chance that the next prime minister will not be Viktor Chernomyrdin,'' said Berezovsky, one of the so-called ''oligarchs'' reported to have engineered the fall of Kiriyenko's reformist government last weekend. Ultra-nationalist leader Vladimir Zhirinovsky, whose Liberal Democratic Party is the third largest Duma faction, told Itogi his party would also reject Chernomyrdin's candidacy unless his party was offered several cabinet posts. Grigory Yavlinsky, leader of the pro-market Yabloko faction, reiterated that his party would not support Chernomyrdin, who served as premier for more than five years until Yeltsin sacked him in March. Yeltsin reinstated Chernomyrdin last Sunday amid deepening economic crisis. Yavlinsky, who ran for the presidency against Yeltsin and Zyuganov in the last election in 1996, said he was ready to form a cabinet to tackle Russia's economic crisis. He said the deal drawn up at the weekend was flawed because it would rule out any vote of no-confidence in the new government, however incompetent it turned out to be. Zhirinovsky said the accord rested on the good will of the signatories, which he said could disintegrate rapidly in Russia's current economic and political climate. Jim