15 July 1997 MOST INTERNATIONAL OBSERVERS believe that 1996 was the year the Russian economy finally stabilized. Inflation was conquered, falling from 131 percent in 1995 to 22 percent in 1996. In March, the International Monetary Fund (IMF) agreed to release a $10.1 billion loan, and in November, Russia successfully launched $1 billion in Eurobonds on international markets. Those achievements […]
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