& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Yeltsin in Ottawa to negotiate assistance

Bankruptcy declaration of former Soviet central banks sought
MOSCOW. June 20: Russia s central bank wants parliament to declare the central banka of some other former Soviet republics bankrupt because they refuse to repay debts worth billions of roubles, Russian television said on Friday, reports Reuter
And in a move which could curtail inter-republican trade, the central bank warned Russian firms it might not be able to pay them for goods sold elsewhere tn the former Soviet Union.
The central bank recommends that enterprises restrict supplies of their goods to the state of the former Soviet Union and sell those goods inside Russia.' Itar-Tass news agency said.
Russia, by far the biggest of the former Soviet republics, has been trying to keep a tight grip on monetary policy as other states edge away from the rouble sone.
Its parliament this week approved a law that other republics can use the rouble only with Russian agreement
Bui other state say Russia is
starving them of cash and some are forging ahead with plans for their own currencies
The Baltic state of Estonia abandons the rouble on Saturday in favour of its own kroon currency, to be set at an initial rate of eight kroon lo one German mark.
Ukraine, a key rival to Russia on a range of political, military and economic Issues, has introduced reuseable coupons to supplement the rouble.
Tass said on Friday Ukraine had decided to introduce larger-denomlnation coupon notes, bringing the highest denomination in circulation lo 1,000 coupons from 1OO coupons.
Russian television said the central bank was worried about bad debts and excessive lending in other republics.
Russia was afraid that ccn tral banks in other states, including Ukraine, were lending domestic companies large sums of money. It did not say how many banks were affected but said Ukraine had lent firms 300 billion roubles (3.5 billion
dollar at the central bank rule)
'If this money is used for transactions with Russia. it will have very grave consequences, the television said
The warning to companies shows the Russian centra) bank feels that high debt levels mean that it cannot guarantee to meet all payments due from other republics
Such payments are channelled through central banks under the old Soviet account ing system inherited by the Commonwealth of Independent States.
If goods could not be sold in Russia, companies would be eligible for short-term loans. Tass added
An AP report from Ottawa says: Russian President Boris N Yeftsin met Friday with Canadian officials to discuss Moscow's plea for aid and its inability to meet payments for grain shipments.
Yeltsin began his day by laying a wreath at Canada s war memorial and then was welcomed to the Parliament building by Prime Minister Brian Mulroney.
The Russian president carried the same message the de livered earlier this week in Washington: Russia needs support and money to keep capitalist reform on track.
Mulroney, who has been sympathetic to Kremlin call* for help, was expected to re mind Yeltsin that Moscou 1% lagging in estimated dollar million behind tn payments lor Canadian grain already shipped to Russia
Yeltsin, who arrived tn Ottawa Thursday night, looked fresh and upbeat despite a grueling swing through the United States, where he signed a deal to slash nuclear arsenals, delivered an eloquent plea lo Congress to endorse a dollar 24 bflllon Western aid package and traveled to Wk-htta. Kan. for a day
Backing from the United States and- Canada would strengthen Yeltsin's hand when he travels next month to Munich, Germany, to meet with leaders of the seven richest democracies to tie down the Western credits and aid
On arriving In Ottasra, the
Russian president had warm words for his Canadian hosts saying they were 'sincere and reliable partners
But. echoing his message to American business and gov eminent leaders earlier tn the week. Yeltsin told his hosts i hat Canadian Industry should have more courage and begin practical exploration of the Russian market
Yeltsin and his wife dined Thursday night with Mulroney and his artk. spokesmen said
In addition to meeting Mulroney Friday. Yeltsin was addressing a Joint session of Parliament and meeting the news media before attending an official luncheon at the National Gallery of art
Later, he was to visit a communications research laboratory and meet with the leaders of the two main opposition political parties. The Russian president was to visit Montreal Saturday before heading back to Moscow
The US share of the promised dollar 24 billion aid package is stuck In the US House of Representatives.
stalled because of American concerns over domestic spe nding The Canadian share, dollar 2.4 billton Is mostly In the form of credits for Ihe purchase of Canadian grain.
Shortly after the Soviet col lapse last December, Yeltsin visited Canada and signed a five-year. 25 million-ton grain deal with the Canadian Wheal Board estimated to be worth dlrs 3 billion to dollar 5 billion
But the Russians are running short of cash, complicating deliveries Many Russian ships are being held In foreign ports because of payment problems, meaning that they cannot travel to Canada to pick up the grain. The problem Is forcing Moscow to use some grain credits to charter foreign ships
The Canadian government also has offered tariff reduc tlons on Russian exports to Canada, agricultural project financing and an extension of a dollar 100 million line of credit through the Export IX-vclopment Corp to help pay for Russian purchases of Canadian products.