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Yeltsin defends reforms as painful path to market economy
In a televised address to the Russian legislature, President Boris Yeltsin disputed claims that reform is an experiment, urging patience as prices rise and enterprises resist privatization. He warned hard-liners and oligarchic groups could sabotage steps toward market rules, and outlined plans to privatize farmland and assert stores as independent entities while hoping for stabilization within months.
MENTIONED IN THIS ARTICLE
Moscow
Boris N. Yeltsin
Yeltsin
Nomenklatura
Russia
Parliament
St. Petersburg
Mr. Yeltsin
Ruslan Khasbulatov
Harvard
Jeffrey Sachs