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DATE=12/31/1999 TYPE=CORRESPONDENT REPORT TITLE=RUSSIA / YELTSIN (L) NUMBER=2-257644 BYLINE=EVE CONANT DATELINE=MOSCOW CONTENT= VOICED AT: INTRO: Russian President Boris Yeltsin has announced he is stepping down and handing over powers to Russia's Prime Minister Vladimir Putin. V-O-A Moscow correspondent Eve Conant reports early presidential elections in Russia will be held within 90 days and are likely to benefit the already popular Mr. Putin. TEXT: Looking pale and speaking slowly, President Boris Yeltsin says it is time for him to go. ///ACT YELTSIN IN RUSSIAN IN FULL AND FADE UNDER/// He says, "Today for the last time I will address you as the President of Russia. I have made a painful decision." He says "Today, on the last day of the outgoing century, I will resign." Mr. Yeltsin explained he would not, in his words, "cling to power for another six months." Presidential elections were originally scheduled for next June. But following the resignation, Russia's Constitution says new elections must be held within 90 days. Early elections in March are expected to benefit Prime Minister - and now acting President - Vladimir Putin, architect of the Chechnya offensive and presently Russia's most popular politician. ///SECOND ACT YELTSIN IN RUSSIAN IN FULL AND FADE UNDER/// Mr. Yeltsin says, "this is an important precedent in Russia - a civilized, voluntary transfer of power." He says, "Russia needs to enter the new millennium with new faces, energetic leaders. We who have held power for many years must leave." Boris Yeltsin's eight tumultuous years as Russia's leader were marred by health problems, allegations of corruption, fighting in Chechnya and economic decline. In an unusually personal statement, Mr. Yeltsin asked Russians to forgive him for the mistakes of his administration. ///THIRD ACT YELTSIN IN RUSSIAN IN FULL AND FADE UNDER/// He says, "I want to beg forgiveness for our dreams that never came true, for what seemed so easy but turned out to be so hard." He goes on to say, "I want to apologize if I failed to meet your hopes. We could not in one jump leave our totalitarian past for a bright, civilized future. In some ways I was too naive." At one point in the speech Mr. Yeltsin wiped away a tear in his eye. He said he believed Russia would not return to its authoritarian past and was ready to move ahead democratically into the new millennium. ///FOURTH ACT YELTSIN IN RUSSIAN IN FULL AND FADE UNDER/// "Many people said I would hold on to power by all means necessary," he says, "but that is all lies. I have always said that I would follow the Constitution." Russian news agencies report Mr. Yeltsin has already handed over control of Russia's nuclear arsenal to Vladimir Putin. Mr. Putin cancelled a planned trip to St. Petersburg Friday to remain in Moscow and meet with government leaders. Mr. Yeltsin ended his speech saying Russians deserved happiness and stability, and wished the nation a Happy New Year. (Signed) NEB/EC/GE/JO 31-Dec-1999 07:23 AM EDT (31-Dec-1999 1223 UTC) NNNN Source: Voice of America .