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Blaming Yeltsin

The financial crisis in Russia is Boris Yeltsin's fault. The west would be foolish to back him at the next election

By Anatol Lieven   July 1998

Boiled crow ought to be on the breakfast menu of a good many western commentators on Russia for the next month or so. Where now, pray, are all those confident declarations that last year’s surge in portfolio investment in Russia heralded the arrival, at long last, of that unicorn, that chimera of our time, The Coming Russian Boom? How long will it be before the horns of the hunt for this animal are heard once again, as always just over the horizon?

The financial crisis in Russia demonstrates the rotten nature of contemporary Russian economic fundamentals-and political and moral ones…

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