- The Washington Times - Thursday, March 29, 2001

Russia snubs IMF on terms for loan

MOSCOW Russia has rejected a loan offer from the International Monetary Fund because the country doesn't need the money or want the fund's binding policy advice, the finance minister said yesterday.

The one-year, standby loan agreement had prompted complaints from Russian officials that the terms were too strict for a meager offer.

"Having considered our possibilities, we made the decision not to conclude a full cooperation program with the IMF for a year," Finance Minister Alexei Kudrin was quoted as saying by the Interfax news agency.

Wreckage located of second F-15

LONDON Rescuers scouring the Scottish Highlands in atrocious weather discovered wreckage from a second U.S. F-15C warplane yesterday, three days after two single-seat fighters and their pilots disappeared.

Civilian and military rescue teams have braved freezing temperatures, heavy snow, high winds and avalanches to search for two U.S. airmen and their planes, which disappeared while on a low-flying exercise Monday.

"We have found the tail part of the second aircraft some 400 yards from the wreckage of the first," said a spokesman for the Royal Air Force.

Anti-UNITA curbs found effective

LUANDA, Angola U.N. sanctions against Angolan rebel leader Jonas Savimbi's UNITA movement are proving extremely effective, the chairman of a U.N. Security Council committee said yesterday.

UNITA (the Portuguese acronym for the National Union for the Total Independence of Angola) has been fighting the Luanda government since Angola gained independence from Portugal in 1975. The latest round erupted in 1998 after a peace accord crumbled.

"The sanctions regime has operated extremely effectively in the last year and will continue to work even more effectively," Richard Ryan, Ireland's ambassador to the United Nations and chairman of the sanctions monitoring group, told reporters.

Angolan President Jose Eduardo dos Santos agreed.

Timorese leader quits parliament

DILI, East Timor Independence leader Jose Alexandre "Xanana" Gusmao resigned yesterday as head of East Timor's interim parliament, complaining that political squabbling was hampering preparations for full independence.

In a letter to East Timor's U.N. administrator, Sergio Vieira de Mello, Mr. Gusmao said the National Council, which consists of 36 members appointed by the United Nations, no longer reflects the views of the people.

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