Moscow, July 1 (RFE/RL) -- Russia's Prime Minister Viktor Chernomyrdin today opened a meeting in Moscow of the Council on
Foreign Economic Investment and said economic development in Russia
is strictly bound to what he called "the political factor."
Chernomyrdin told Russian and foreign businessmen that the first
round of the presidential election last month has shown that the majority of Russians favor the continuation of economic reform.
However, he said many Russians "do not understand that the more
difficult period is over."
Chernomyrdin also said Russia's economy will develop along the lines of financial stabilization and expressed the hope it will reach "a new step" within two or three years.