DUMA MEMBERS REFUSE TO JOIN THE CABINET

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DUMA MEMBERS REFUSE TO JOIN THE CABINET

Russian Television, Vesti, May 19, 1999, 20:00

After the Duma confirmed the candidacy of Stepashin, the leaders of the most influential parties decided to stay out of the process of forming the new government. They had different reasons for this. The left thinks that no government can be better than that of Primakov. The right think that this Cabinet will not exist very long.

Gennady Zyuganov stated that members of his party will not join this Cabinet. But, according to him, “Primakov is the best legacy of the new Cabinet.” Zyuganov insists that Primakov join the government.

Leader of the Our Home is Russia (NDR) movement Vladimir Ryzhkov said that this Cabinet is a temporary one. He stated that his party will not “take responsibility for this government.” A few members of NDR worked in the previous Cabinet (Sergei Shoigu, Vladimir Putin, Vladimir Bulgak and some others). The NDR leader asked Stepashin to keep them in the new Cabinet if he is satisfied with their work.

But all deputies doubt that Stepashin will work independently. It is not clear what powers support him.

THE SITUATION ON THE SECURITIES AND CURRENCY MARKETS

Russian Television, Vesti, May 19, 1999, 20:00

The news about the approval of Stepashin caused a rise in prices on the Russian securities market. Russian securities are now in a great demand. But, according to specialists, the rise will not be significant and will not last long. That is why the Russian currency market did not react to the most important recent event in Russia. The official exchange rate on May 20 was 24.75 rubbles to the dollar.

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