Yeltsin's Russia

Yeltsin's Russia refers to the period from 1991 to 1999, marked by the transition from a communist Soviet Union to an emerging democratic state. Boris Yeltsin, the first President of Russia, led efforts to privatize state industries, reduce government control, and embrace market reforms, aiming to modernize the economy. This era experienced significant political and economic upheaval, including increased corruption, social hardship, and the rise of oligarchs—wealthy individuals controlling key industries. Despite challenges, it was a time of profound change, shaping Russia’s shift towards a new political and economic identity, laying the groundwork for its post-Soviet development.