Post-Soviet reforms of the Russian economy in the 90s
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Privatization in Russia" – news · newspapers · books · scholar · JSTOR(September 2011) (Learn how and when to remove this message)
Russians protest the economic depression caused by the reforms with the banner saying: "Jail the redhead!", 1998.
Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the early and mid-1990s under Boris Yeltsin, who assumed the presidency following the dissolution of the Soviet Union.
Private ownership of enterprises and property had essentially remained illegal throughout the Soviet era, with Soviet Communism emphasizing national control over all means of production but human labor.[1] Under the Soviet Union, the number of state enterprises was estimated at 45,000.[2]
Privatization facilitated the transfer of significant wealth to a relatively small group of business oligarchs and New Russians, particularly natural gas and oil executives.[3] This economic transition has been described as katastroika,[4] which is a combination of catastrophe and the term perestroika, and as "the most cataclysmic peacetime economic collapse of an industrial country in history".[5]
A few strategic assets, including much of the Russian defense industry, were not privatized during the 1990s. The mass privatization of this era remains a highly contentious issue in Russian society, with many Russians calling for revision or reversal of the reforms.[6]
^Hoffman 2001, p. 185.
^Jeffrey Sachs (May 1992). "Privatization in Russia: Some Lessons from Eastern Europe" (PDF). AEA Papers and Proceedings.
^Freeland 2000, p. 73.
^"A Way with Words - katastroika". 11 July 2004. Retrieved 27 June 2015.
^Milne, Seumas (16 August 2001). "Catastroika has not only been a disaster for Russia". The Guardian. Retrieved 17 September 2011.
^Interfax; Interfax (2014-12-29). "Most Russians are negative about outcome of Yeltsin's presidency - poll". www.rbth.com. Retrieved 2021-12-15.
and 29 Related for: Privatization in Russia information
PrivatizationinRussia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly...
literature on "privatization" that occurred inRussian and Czech Republic transition economies, the authors identified three methods of privatization: "privatization...
Voucher privatization is a privatization method where citizens are given or can inexpensively buy a book of vouchers that represent potential shares in any...
Chubais (Russian: Анатолий Борисович Чубайс; born 16 June 1955) is a Russian politician and economist who was responsible for privatizationinRussia as an...
of Russia'sprivatization program, set out to use his control of the privatization program as the key instrument of Yeltsin's reelection campaign. In addition...
Minister in the Russian government during 1991–1992. Together with Anatoly Chubais, the two "Young Reformers" were chiefly responsible for privatizationin the...
Water privatization is short for private sector participations in the provision of water services and sanitation. Water privatization has a variable history...
is contested. The case involved two Russian oligarchs, and was a direct consequence of the privatizationinRussia that followed the collapse of the Soviet...
second wave of privatization that did take place—in particular, the "loans-for-shares" scheme, in which major Russian banks obtained shares in firms with...
There are three types of business entity inRussia: private limited companies (Russian: общества с ограниченной ответственностью, abbreviated OOO), joint-stock...
housing. With the start of privatizationinRussia, such apartments started to gain ownership, often parts of it being privatized by different persons, which...
Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the largest country in the world by area, extending across...
Russian money in London is the flow of capital from Russia to the United Kingdom since the dissolution of the Soviet Union which has had a noticeable impact...
transitional period inRussia, from the dissolution of the Soviet Union in the early 1990s, and the subsequent privatizationinRussia, to the 1996 presidential...
This is a ranking list of Russian billionaires. The following is based on the annual estimated wealth and assets assessment compiled and published by...
Exchange. The privatization effort is primarily backed by reformist members of the Iranian government and society who hope that privatization can bring about...
flight. This rapid privatization of public assets, and the widespread corruption associated with it, became widely known throughout Russia as "prikhvatizatisiya...
adviser on Russia'sprivatization programme, used his control of the privatization programme as an instrument of Yeltsin's re-election campaign. In mid-1996...
car manufacturer (2007) A wide-scale privatization program was launched in 1992–1994, using a voucher privatization scheme; from 1995, a monetary scheme...
of Russian industry and agriculture, with notable exceptions to this privatization occurring in the energy and defense-related sectors. Russia's vast...
The Armed Forces of the Russian Federation, commonly referred to as the Russian Armed Forces, are the military of Russia. It is organized into three service...
NRJ Energy is a privateRussian radio station, created in 2006 based in Moscow, and is the Russian version of the French NRJ. The playlist of the radio...
Retrieved 8 July 2004. See, e.g., Sutela, Pekka (1994). "Insider PrivatizationinRussia: Speculations on Systemic Changes". Europe-Asia Studies. 46 (3):...
of former Russian Prime Minister and now Director General of the Russian intelligence service SVR Mikhail Fradkov. PrivatizationinRussia SASAC "Vadim...
Women inRussia have a rich and varied history during numerous regimes throughout the centuries. Since Russian society is multicultural, the experiences...
InRussia, the state provides most education services regulating education through the Ministry of Education and the Ministry of Science and Higher Education...
of privatizationinRussia. It is based on interviews between Freeland and leading Russian businessmen, conducted from 1994 to 1998 when she lived in Russia...
to capitalism in the early 1990s, assisting in the launch of the Russian stock market and the privatization of state assets. From 1992 until 1995, Jordan...
On 24 February 2022, Russia invaded Ukraine in an escalation of the Russo-Ukrainian War that started in 2014. The invasion became the largest attack on...
Global Information
