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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release November 4, 1998

STATEMENT BY THE PRESIDENT

I am pleased to announce that a U.S. team will begin today to finalize an agreement with the Government of Russia on a program to provide at least 3.1 million metric tons of food. This program will help sustain Russians through a serious food shortage this winter as well as their country's continuing economic distress. In addition, this agreement will bolster American farmers and ranchers who have been hit hard by an agricultural crisis here. We will be prepared to consider additional assistance if necessary.

The program is being developed under the auspices of the binational commission chaired by Vice President Gore and Prime Minister Primakov. Our negotiating team will work with their Russian counterparts to ensure that our assistance is distributed properly and exempted from taxes and customs duties. These are key elements to a successful program.

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