Boris yeltsins economic policy

Boris Yeltsin's economic policy in Russia during the 1990s was characterized by rapid privatization and market liberalization aimed at transitioning from a centrally planned economy to a market-oriented one. He implemented "shock therapy," which involved drastic reforms to stabilize the economy, reduce inflation, and encourage foreign investment. However, these policies led to significant social and economic turmoil, including rising unemployment, increased poverty, and the emergence of oligarchs who gained control of state assets. The economic instability during Yeltsin's tenure set the stage for public discontent and contributed to the rise of Vladimir Putin.