Lamont Pleads for Soviet Economic Treaty

October 17,1991

U.K. Chancellor of the Exchequer Norman Lamont is not backing the wrong horse, he says. "In fact, I’m not really backing a horse," he insisted yesterday. The horse in question was Grigory Yavlinsky, deputy chairman of the committee for the management of the national (Soviet) economy, in whom the Group of Seven industrial countries appear to have put a lot of trust.

“I am confident that Yavlinsky has the support and confidence of President Gorbachev,” said Lamont. "I'm also confident that Russian President Yeltsin is interested in dialogue with the West."

Draft Treaty Touts Private Property as Basis for Soviet Union's Economy

Wall Street Journal, By PETER GUMBEL Staff Writer

September 12, 1991

MOSCOW - The Soviet Union would make private property the basis of its economy and take steps to ensure repayment of its foreign debt under a new economic treaty being proposed by Grigory Yavlinsky, deputy head of an interim committee currently running the Soviet economy.