Yeltsin on problems of economic reform
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MOSCOW. Nov 27 (Interfax) - Prices will grow 200%-400% after they are liberalized, according to expert estimates, RSFSR President Boris Yeltsin said at a meeting with his local representatives.
And those estimates could prove to be too low, Yeltsin said. In normal conditions, trade and industry would be commercialized before prices are liberalized, he said.
But Russia has no time for such a gradual reform, he said. Carrying out reform when prices are growing would be “suicidal,” Yeltsin said, adding that this should be done only when prices stabilize.
He also advocated a simultaneous transition to market relations in all republics which intend to sign the political treaty.