Emergency talks on rouble

Thursday 27 August 1998 00:02 BST

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RUSSIA'S ACTING prime minister Viktor Chernomyrdin flew out of Moscow last night for emergency talks with the International Monetary Fund at the height of an economic crisis which saw the rouble in free- fall.

Economic turmoil continued apace yesterday causing the Russian Central Bank to suspend trading on the rouble, and to declare the day's results "null and void", after the currency shed 10 per cent in the first few hours of the morning's business.

The IMF said that the purpose of Mr Chernomyrdin's meeting with the IMF's managing director Michel Camdessus, due to be held in the Crimea, was "to discuss recent developments in Russia and their impact on the region, particularly Ukraine".

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