Yeltsin ready to head Russian govt, liberalize prices this year
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MOSCOW. Oct 29 (Interfax) – Russian President Boris Yeltsin said at a congress of people's deputies of the Russian Soviet Federative Socialist Republic (RSFSR) in Moscow that he was ready to head the Russian government and liberalize prices in Russia "as early as this year".
The economy could stabilize by the fall of 1992 as a result of this "difficult but necessary step," he said.
Yeltsin said that Russia would be building economic relations based on global prices with all former Soviet republics that did not join the economic union of sovereign states. Being the main supplier of resources to other republics, the RSFSR incurs damages amounting to 33 billion rubles annually, he said.
Yeltsin also said that starting from November 1, Russia would stop funding the Union's ministries but only those that are covered by the common economic space treaty, and would establish its own customs.