You can make a throne of bayonets, but you cant sit on it for long. - Boris Yeltsin

Quite recently I spoke to very different audiences in Yaroslavl, Kaliningrad, and Novgorod provinces. And although I met with workers, intellectuals, peasants, military men, party employees, and managerial employees, people with diverse political views, sympathies, and passions, it will be a long time before I will be able to recall such unanimity on the most important point, that is, the understanding that the country has reached the very final stage of collapse and that there is no longer anywhere to fall back to. The people who led one of the wealthiest and most talented countries on the planet to a state of destitution and degradation must always have a face of the “enemy” to fall back on, someone they can blame for everything that is going on. We have always had an “enemy” in the seventy-three years of Soviet power: at first we had the bourgeoisie, the gentry, and the capitalists; then we had the counterrevolutionaries, the Trotskyites, and the left- and right-wing deviationists, and also the kulaks; then came the CIA, imperialism, and the Zionist conspiracy. And now we need a new “enemy,” because no one believes in the CIA, the Trotskyites, or the capitalists anymore. The new “enemy” is the so-called democrats, who are destabilizing, tormenting, subverting, disorienting, and committing all other kinds of vile acts in their lust for power. On the basis of this logic, all we would have to do to make everything good in the country would be to remove the democrats and get rid of them somehow, and then there would ensue a glorious time known as the “Communist future,” “the socialist choice,” or the “radiant future.”

Today I am turning to you for the last time with New Year's greetings. But that's not all. Today I am turning to you for the last time as president of Russia. I have made a decision. I thought long and hard over it. Today, on the last day of the departing century, I am resigning. I have heard many times that "Yeltsin will hang onto power by any means, he won't give it to anyone." That's a lie. But that's not the point. I have always said that I would not depart one bit from the constitution. That Duma elections should take place in the constitutionally established terms. That was done. And I also wanted presidential elections to take place on time — in June 2000. This was very important for Russia. We are creating a very important precedent of a civilized, voluntary transfer of power, power from one president of Russia to another, newly elected one. And still, I made a different decision. I am leaving. I am leaving earlier than the set term. I have understood that it was necessary for me to do this. Russia must enter the new millennium with new politicians, with new faces, with new, smart, strong, energetic people. And we who have been in power for many years already, we must go. Seeing with what hope and faith people voted in the Duma elections for a new generation of politicians, I understood that I have completed the main thing of my life. Already, Russia will never return to the past. Now, Russia will always move only forward.

I should not interfere with this natural march of history. To hold onto power for another half-year, when the country has a strong man who is worthy of being president and with whom practically every Russian today ties his hopes for the future? Why should I interfere with him? Why wait still another half-year? No, that's not for me! It's simply not in my character!