The commonwealth to be built on the ruins of empire: price hikes will be the first test for Yeltsin and the republics. (Boris Yeltsin, Commonwealth of Euro-Asian Independent States) (Predictions 1992)

From: U.S. News & World Report | Date: December 30, 1991| Author: Stanglin, Douglas | Copyright information

Russia is the pre-eminent member of the Commonwealth of Euro-Asian Independent States, the successor to the USSR. The success or failure of the economic reforms of Russian Pres Boris Yeltsin will have a profound affect on other Commonwealth members.

Now it's Boris Yeltsin's turn. The Soviet Union--the mother of world communism for more than 70 years--has so thoroughly disintegrated that the red hammer-and-sickle flag is to be hauled down from the towers of the Kremlin on December...