Chubais program

Chubais's program refers to a series of economic reforms implemented in Russia during the 1990s under Anatoly Chubais’s leadership. It aimed to transition Russia from a state-controlled economy to a market-based one by privatizing state industries, deregulating markets, and encouraging private enterprise. The goal was to modernize the economy, attract foreign investment, and promote efficiency. However, the program also led to significant social upheaval, wealth disparity, and some economic instability, as the rapid privatization often benefited a small elite. Overall, it was a key part of Russia’s shift from communism to a capitalist economy.