Yeltsin To Voters: Reform? Never Heard Of It

To get an idea how Vladimir Kadannikov might handle himself as Russia's new First Deputy Premier for the economy, take a look at what he did in 1994. Flush with dollars, newly rich Russian capitalists were snapping up BMWs, Mercedes, and Volvos. They were sneering at the clunkers churned out by Avtovaz, the huge Russian carmaker where Kadannikov was chief executive. Instead of trying to spiff up his Lada models that look like 1972 Fiats, the car boss used his clout with Russian President Boris Yeltsin to slap a highly protectionist, 100% tariff on imported cars.

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