Background Conditions
Faltering political and economic conditions in Russia today have brought fear and uncertainty to much of the population.
President Yeltsin's poor health and his apparent impulsive governing style have led to a
general lack of confidence in the government. At the same time, nationalist groups and the
Communist party appear to be gaining strength.
By failing to implement needed economic reforms, the government has permitted both the
financial and political crises to persist. The August 1998 devaluation of Russia's
monetary unit, the ruble, sank the exchange rate and caused many Russians to lose their
savings. It also attached a tremendous price tag on imports, including food and other
consumer goods. The emergency measure of printing excess money to pay back wages and
pensions also caused inflation and frustration among the population to soar. Meanwhile, a
bad harvest this year -- considered the worst in decades -- has Russians concerned about
food supplies lasting throughout the winter.
Next: Growing Anti-Semitism in Russia
 |
This report was produced by ADL and the National Conference on Soviet Jewry. |
 |
|