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At Russian President Yeltsin`s request, the G-7 in Munich decided to let the Russian government off the hook by extending for two years Russia`s interest payments on its loan from the International Monetary Fund.
In so doing, they overlooked the fact that the Russians have reportedly stashed away some $100 billion in Swiss and other foreign banks.
One hopes that in the future, Russians will first spend their own money for the recovery of their country`s economy instead of relying on the taxpayers of other nations.
I hope our Congress and administration keep an eye on these Russian con men and a tight hold on our purse.
