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52. Russian Financial Crisis Assessment 5: September 9, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 09-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- The Communist dominated Duma sent a stern message to President Yelstin on September 7th by rejecting his nominee, Viktor Chernomyrdin, for the second time. The vote was 273 against and 138 for (with one abstention). While Chernomyrdin's showing improved substantially from the Duma's first ballot, he still fell far short of the 226 votes needed for Duma approval. Furthermore, his gains came largely from Zhirinovsky's nationalist faction, which has a crass history of trading votes to “the highest bidder.” Yelstin's opposition, on the other hand, benefited from the support of independent deputies comprising a group called “Regions of Russia”: their approval of Chernomyrdin dropped from 86% to 50% in the second round.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
53. Russian Financial Crisis Assessment 4: August 31, 1998
- Author:
- Allen Collinsworth, Robert Orttung, Rado Petkov, and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- At approximately 12.30 p.m. EST today, the Duma rejected Chernomyrdin's nomination as Prime Minister by an open ballot vote of 251-94 (with 105 abstaining). 226 votes are needed to confirm him. Chernomyrdin's own Our Home Is Russia party provided most of his support (64 votes). Zhirinovsky's party, the Liberal Democrats, abstained (49 votes). Analysts underscored the weakness of support for Chernomyrdin by noting that, in the first round of voting on the nomination of Prime Minister Kiriyenko five months ago, Kiriyenko polled 143 votes in favor. This was in secret balloting, however, which to some extent invalidates the comparison.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
54. Russian Financial Crisis Assessment 3: August 27, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- The latest private reports from Moscow indicate that the Duma is very likely to reject Viktor Chernomyrdin's candidacy for Prime minister next week. Tomorrow, Aug. 28 th , at 3:00 pm, the Duma and the Federation Council will meet to decide whether to recommend a vote on Chernomyrdin's candidacy. Whereas Chernomyrdin's chances are bleak, the fluid nature of current Russian political situation makes it impossible to firmly rule out his confirmation as prime minister, a post which he very much wants.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
55. Russian Financial Crisis Assessment 2: August 25, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Since our Aug. 20th report, the situation in Russia has developed dramatically. On Friday (Aug. 21st), the lower house of the Russian parliament (the Duma) overwhelmingly called for Yeltsin's resignation and changes in the government and the leadership of the central bank. The Duma also passed a non-binding resolution demanding nationalization of some banks and restriction of foreign participation in domestic capital markets. In response, the RTS index of leading Russian shares fell 5.56% to 81.76 on negligible trading volume of $4.2 million. Central bank head Dubinin announced plans to activate Russia's precious metals reserves (approximately $5 billion of $15.1 billion total foreign exchange reserves) to support the ruble. On Sunday, Aug. 23rd, in an action anticipated in our Aug. 17th report, Yeltsin dismissed Prime Minister Sergei Kiriyenko and installed in his place Viktor Chernomyrdin.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
56. Russian Financial Crisis Assessment 1: August 20, 1998
- Author:
- Rado Petkov and Rick Petree
- Publication Date:
- 08-1998
- Content Type:
- Working Paper
- Institution:
- EastWest Institute
- Abstract:
- Russian capital markets were already in what George Soros described as a “financial meltdown in . . . its terminal phase” on August 12th. Since then, capital markets have deteriorated significantly in reaction to measures announced by the Russian Government on Monday, Aug. 17th (summarized in Section II below). IEWS is actively evaluating the nature and extent of the crisis and trying to project its likely course.
- Topic:
- Conflict Prevention, Economics, and Government
- Political Geography:
- Russia, Europe, and Asia
57. Energy and Security in Northeast Asia
- Author:
- Michael May, Michael Stankiewicz, Edward Fei, Celeste Johnson, and Tatsujiro Suzuki
- Publication Date:
- 08-1996
- Content Type:
- Working Paper
- Institution:
- University of California Institute on Global Conflict and Cooperation (IGCC)
- Abstract:
- Since 1993, the Institute on Global Conflict and Cooperation (IGCC), a state-wide policy research institute of the University of California, has coordinated a series of high-level, track two consultations among security experts and officials from China, Japan, North and South Korea, Russia, and the United States. Known as the Northeast Asia Cooperation Dialogue (NEACD), this forum has sought to reduce mistrust within the North Pacific region, and to avert conflicts among the major powers in Asia through ongoing, multilateral dialogues about current security issues. The informality of the process allows the participants to air their concerns and brainstorm about new approaches to building cooperation and reducing the risk of conflict in Northeast Asia.
- Topic:
- Conflict Prevention, International Cooperation, and United Nations
- Political Geography:
- Russia, United States, China, Asia, Korea, and Northeast Asia