08/14/1998 06:40:49 YELTSIN SAYS RUSSIA READY TO RESIST NEW WAVE OF WORLDFINANCIAL CRISIS

NOVGOROD, Russia, Aug 14 (Reuters) - President Boris

Yeltsin said on Friday Russia was braced to resist a new wave

of crisis on the world financial markets following turmoil on

Moscow's thin stock, bond and currency markets this week.

"At the moment, there is a new wave of world financial

crisis and we have to brace ourselves again to be able to deal

with this situation," he told reporters in the northwestern

city of Novgorod. "We've calculated our reserves and are ready

to resist this wave."