From the archive – Yeltsin summarising the state of Russian economy

A John Major/Yeltsin story I’ve just heard (2024 context was discussion about how to sum up Tory record in one word): ‘Major described how he had once asked the Russian leader to sum up the state of the Russian economy in one word. β€œGood,” came the reply. Major pressed him for details, asking him to go further by summing up the situation in two words. β€œNot good,” was Yeltsin’s considered response.’