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Steve Rosenburg reports from Moscow
"He said that Russia needed new politician in the new Millennium, people with energy"
 real 28k

The BBC's Brian Hanrahan
"He showed that popular opinion could overwhelm authoritarianism"
 real 28k

Alan Shipman, Russian analyst
"There are a number of things Yeltsin would have liked to achieve before he leaves office"
 real 28k

Robert Parsons, Moscow
"It has some symbolic value"
 real 28k

The BBC's Steve Rosenburg in Moscow
"The TV announcer would hardly believe the president's statement"
 real 28k

Friday, 31 December, 1999, 12:12 GMT
Yeltsin: I resign

Vladimir Putin and Boris Yeltsin Over to you: Yeltsin (right) has handed over power to Putin

In a shock announcement on live television, Russian President Boris Yeltsin has said he is resigning immediately and has named Russian Prime Minister Vladimir Putin as acting president.

Yeltsin resigns
President Yeltsin said he had signed his resignation decree on Friday morning and that presidential elections would be held on 26 March.

Russia's Security Council, an advisory board of top security officials, is due to meet later on Friday, a meeting which will be chaired by Mr Putin in his capacity as acting president.

President Yeltsin has handed over the "nuclear briefcase", which contains the codes controlling Russia nuclear weapons, to Mr Putin.

US President Bill Clinton was notified about President Yeltsin's move before dawn by Sandy Berger, his national security advisor.

After the resignation was confirmed in contacts with Russian officials, a White House spokesman, James Fallin, said "we consider this a dramatic step".

"While there is an element of surprise it was not a complete one," Mr Fallin said.


The resignation annoucement was unexpected because President Yeltsin, 68, had repeatedly said he would serve out his full term, although poor health has led to increasing doubts about his ability to fulfil his promise.

On the last day of the outgoing century, I resign
President Yeltsin
"I am going. I am going earlier than my established time," President Yeltsin said in a broadcast on state-owned ORT television.

He said Russia needed to go into the new century with new political leaders.

It was announced that Mr Yeltsin will still make a visit to Jerusalem and on 5 January, a trip time to coincide with the Orthodox Christmas.

The Russian stock market rose sharply on news of the resignation, up nearly 17% by mid-day on heavy trading.


President Yeltsin chose a particularly significant day for his bombshell in a country where New Year is far more widely marked than Christmas.

Presidential powers
Maximum of two four-year terms
Can appoint and dismiss prime minister and all government ministers
Can issue decrees with force of law, bypassing parliament
Heads armed forces and appoints all top military officials
Can dissolve parliament

He has presided over eight turbulent and often chaotic years of social and political transformation in Russia, which have seen the living standards of many people worsen.

During his address he appealed to Russians to forgive him for what he said had been the errors of his administration.

It was a highly unusual admission from a leader who rarely admitted mistakes and always insisted that his policies were correct.

"I want to beg forgiveness for your dreams that never came true. And also I would like to beg forgiveness not to have justified your hopes," the president said.


President Yeltsin made a clear endorsement of Mr Putin.

"To cling to power for another six months when the country has a strong person worthy of becoming president - why should I stand in his way? Why should I wait? It's not in my character," he said.

A former KGB officer who only became prime minister in August, Mr Putin is widely seen as the most popular politician in Russia, with around 60% of voters saying they would back him, according to opinion polls.

With a wounded Russian soldier and his mother: Chechnya has made Putin a popular politician
His strong handling of the war in Chechnya and no-nonsense manner has appealed to many Russians, who want strong leadership to tackle their country's enormous economic, political and social problems.

By bringing the date of the election forward three months, President Yeltsin has made it harder for Mr Putin's opponents to organise their campaign.

It will also help Mr Putin to act on his popularity while it remains at its height.

The country has a strong person worthy of becoming president - why should I stand in his way?
President Yeltsin
President Yeltsin has been hit by corruption allegations in recent months and has reportedly been looking for assurances for the safety of himself and his family when he steps down.

Mr Putin is an ally of President Yeltsin and would be able to give him the immunity he reportedly wants.

Mr Putin had already announced that he would run in next year's presidential elections and has indicated that he would continue Yeltsin's democratic and market policies.

He has talked of mixing moderate reform with the need for strong government to crush widespread lawlessness and corruption.

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See also:
31 Dec 99 |  Europe
Analysis: Shrewd move by Yeltsin
31 Dec 99 |  Monitoring
Yeltsin's resignation speech
20 Dec 99 |  Europe
Vladimir Putin: Spy turned politician
31 Dec 99 |  Business
Yeltsin's economic legacy
31 Dec 99 |  UK Politics
Blair praises Yeltsin's leadership
22 Dec 99 |  Europe
Russia's leaders: The race for the Kremlin
31 Dec 99 |  Europe
Boris Yeltsin: Master of surprise
31 Dec 99 |  Europe
Yeltsin: Flawed founder of Russian democracy

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