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IN CONFIDENCE

4. Dr McLaren briefly described her visits to Eastern Europe and

the Ukraine during the past year. She observed that the inability of our Embassy in Kiev to issue visas was an obstacle

to exchanges of scientists. She was pleased that the new science academies in the Czech Republic and Slovakia seemed well disposed

to each other. They had agreed, amicably, that the Post-doctoral Fellowships would be distributed in a 2 (Czech): 1(Slovak) ratio.

There was even a prospect that the two academies might have a

single foreign relations department which would enable the

Royal Society to do business with one contact point.

5.

Mr Lennox-Boyd said that he was pleased to be participating

again at a meeting which he had greatly enjoyed twice previously.

He congratulated Sir Michael Atiyah and Dr McLaren on their

recent honours. He was pleased to hear that the Royal Society

was involved in attempting to stem the brain-drain from the FSU. This was indeed a worthy objective. As the subscriptions to the

International Seismological Centre and to the Crystallographic

Database had been paid from Mr Bone's Programme Budget, he would

ask Mr Bone to make some comments on the FSU. Mr Bone said that

the Russian economy was in trouble, with hyper-inflation running

at 30-50% per month. No agreement with the IMF was likely soon.

Krasavchenko was not the right man to head the Central Bank. There had been some worrying personality changes especially the

loss of Gaidar. There were, however, some brighter spots, such

as grass-roots privatisation. The Russians had in Chubais a dynamic Minister for Privatisation. Given this picture, the decision of how much tangible support HMG should give to Russia

was bound to be a difficult one. It would be imprudent to pour British taxpayers' money into such a leaky bucket. Major support

must be provided via the Bretton Woods Institutions. But some money, export credit for example, was available direct from the

UK.

IN CONFIDENCE

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