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Russia / Economic Crisis / Yeltsin's Future #426536

CNN Evening News for Thursday, Aug 27, 1998
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(Studio: Bernard Shaw) The international economy's reaction to the worsening economic crisis in Russia reported. Stock Market Report.

(Moscow: Jill Dougherty) The economic situation in Russia as the ruble continues to spiral down and the resulting political vacuum reviewed; details given of rumors that President Boris Yeltsin has given up power. [POLITICIAN - (thru translator) says Yeltsin must be ill.] [Former national security adviser Alexander LEBED - (thru translator) says Yeltsin will cling to power.] Efforts by acting Russian Prime Minister Viktor Chernomyrdin to come up with a crisis plan noted. Views of two Russian people reviewed. Draft law considering what would happen were a president to step down outlined.

(Studio: Judy Woodruff) The reaction of the already shaky Asian markets to the Russian financial crisis reviewed; drops on the Japan market noted.

(New York: Susan Lisovicz) The financial and political implications of Russia's faltering economy for the world market examined. [Morgan Stanley Dean Witter Russia specialist Eric FINE - says Yeltsin has been devalued by the currency devaluation.] [Merrill Lynch market strategist Richard BERNSTEIN - assesses Wall Street's reactions.] Japan's biggest recession in decades noted.

Reporter(s):
Dougherty, Jill;
Lisovicz, Susan;
Shaw, Bernard;
Woodruff, Judy
Duration:
00:07:50

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