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Official portrait, c. 1991–1994
Presidency of Boris Yeltsin 10 July 1991 – 31 December 1999
President
Boris Yeltsin
Party
Independent
Election
1991
1996
Seat
Moscow Kremlin
Vladimir Putin →
Emblem of the president
This article is part of a series about
Boris Yeltsin
Early life
Presidency
Yeltsinism
CPSU membership
26th
27th Politburo
26th
27th Central Committee
28th Congress
Elections
1991
campaign
1996
campaign (Vote or lose)
Loans for shares
Semibankirschina
Soskovets campaign strategy
Xerox affair
First term
1st inauguration
Gaidar Cabinet
August Coup
1st Chernomyrdin Cabinet
Constitutional conference
1993 crisis
1st Chechen War
International trips ("Circling over Shannon" diplomatic incident)
Second term
2nd inauguration
Ruble crisis
2nd Chechen War
Resignation
International trips
Post-Presidency
Presidential Center
Presidential Library
Illness
Death and state funeral
Media gallery
v
t
e
The presidency of Boris Yeltsin began with his first inauguration on 10 July 1991, and ended on 31 December 1999 when he announced his resignation. A referendum held on 17 March 1991 approved the creation of the post of president of Russia; Yeltsin was elected Russia's first president in a presidential election held on 12 June 1991.
During his first term, Yeltsin implemented reforms including economic shock therapy and nationwide privatization to transform Russia's command economy into a market economy. The country faced a severe economic downturn following the reforms as well as persistent low oil and commodity prices, the emergence of currencies which replaced the Soviet rouble in the former Soviet Union, and an increase in public debt with the depreciation of the Russian rouble. These issues affected not only Russia, but the economies of other post-Soviet states.[1][2] Within a few years of his presidency, many of Yeltsin's initial supporters started to criticize his leadership, including then vice president Alexander Rutskoy. Tensions with the Russian parliament culminated in the 1993 Russian constitutional crisis after Yeltsin ordered the unconstitutional dissolution of the parliament; as a result the parliament attempted to impeach Yeltsin. In October 1993, troops loyal to Yeltsin stopped an armed uprising outside of the parliament building, following which a new constitution was introduced and Yeltsin deepened his efforts to transform the economy. In 1994, Yeltsin launched a war against Chechen separatists in an attempt to restore federal control of the region, which ended in a Russian withdrawal two years later.
During his second term, the government defaulted on its debt and the rouble collapsed in the 1998 Russian financial crisis. On 31 December 1999, Yeltsin announced his resignation, with his chosen successor, then prime minister Vladimir Putin, succeeding him as acting president who then was elected to his first presidential term following an election held on 26 March 2000. Yeltsin left office widely unpopular with the Russian population.
^"Russia: From Rebirth to Crisis to Recovery" (PDF). IMF. Retrieved 30 July 2023.
^"The Imf and the Ruble Area, 1991-1993". IMF. Retrieved 30 July 2023.
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