IMF president Marcel Camdessus said Monday he had "good news" for Moscow, which will likely take the form of a rollover of Russia's IMF loans -- although the gaping holes in Russia's budget may need more. Primakov turns his attention to Milosevic Tuesday, when he visits Belgrade. And given the Russian prime minister's track record, the smart money says that when NATO and Yugoslavia eventually agree to end the current fighting, Primakov will be there wearing a matrimonial smile.
Moscow Moves to Mediate
Yevgeny Primakov plays a great game with a bad hand. Although he was
powerless to stop NATO from going to war with Yugoslavia, the Russian prime
minister may use the crisis to salvage some of Moscow's prestige on the
international stage. He heads off to Belgrade Tuesday, widely recognized as
the one world leader who could coax the Serbs into backing down. "Despite
warnings of dire consequences and threats to defy the arms embargo, the
Russian response to NATO's campaign has been confined to bluster and
grandstanding," says TIME Moscow correspondent Andrew Meier. "Ultimately,
Primakov wants to persuade Milosevic to compromise, mediate a cease-fire
and collect a reward for his efforts from the IMF."
