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| 1997, Jan. 5 |
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| Russia completed its withdrawal from Chechnya. | 1 |
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| Jan. 20 |
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| Negotiations toward forming a charter between Russia and NATO began. | 2 |
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| Jan. 27 |
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| Chechnya elected Gen. Aslan Maskhadou president. Russia did not object to these election results. | 3 |
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| April 17 |
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| Russian finance minister Anatoly B. Chubais announced a huge budget crisis, calling for emergency cuts in spending. | 4 |
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| May 12 |
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| Russia and Chechnya signed a formal peace treaty. | 5 |
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| May 14 |
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| Russia announced that it would agree to NATO’s expansion into former countries of the Soviet bloc. | 6 |
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