As investigators beaver away at the Bank of New York and as rumours and accusations swirl around Moscow (see page 47), the aftershocks of Russia's latest financial scandal are also rippling through Washington. Allegations of massive money-laundering and the possible diversion of financial assistance from the International Monetary Fund (the former rarely distinguished from capital flight, and the latter, so far, wholly unsubstantiated) have shone a critical spotlight on the Clinton administration's Russia policy. The matter may yet become a rare foreign-policy debate in the fledgling presidential campaign.
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