Itar-Tass quoted Yeltsin's office as saying a draft law on the disposal of state-owned shares in privatized firms could be adopted only if the government approved it because parliament's option would cut budget revenues.
The law would ban the existing mechanism of transferring shares without creating a new one, put brakes on the process of privatization and halt the income from privatization to the budget, Itar-Tass said.
Yeltsin also vetoed a bill which would ban punitive power cuts for consumers who did not pay electricity bills because it violated an article of the constitution guaranteeing freedom of economic activity, Itar-Tass said.
The draft law on energy supplies was adopted by parliament after power companies pulled the plug on defense establishments which did not pay their bills.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
