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After the dissolution of the Soviet Union in 1991 and the end of its centrally-planned economy, the Russian Federation succeeded it under president Boris Yeltsin.The Russian government used policies of shock therapy to liberalize the economy as part of the transition to a market economy, causing a sustained economic recession.
Upon the Soviet Union's collapse, the new Russian government was forced to manage the huge state enterprise sector inherited from the Soviet economy.Privatization was carried out by the State Committee for State Property Management of the Russian Federation under Anatoly Chubais with the primary goal being to transform the formerly state-owned enterprises into profit-seeking businesses, which ...
The Millennium of Russia monument in Veliky Novgorod (unveiled on 8 September 1862) Medieval Russian states around 1470, including Novgorod, Tver, Pskov, Ryazan, Rostov and Moscow Expansion and territorial evolution of the Grand Duchy of Moscow, Tsardom of Russia and Russian Empire between the 14th and 20th centuries Location of the Russian SFSR within the Soviet Union in 1956–1991
According to the World Bank, imports of goods and services occupied 21.3% of the Russian gross domestic product (GDP) in 2021 [ 298 ] and exports of goods and services occupied 30.9% of Russia's GDP. [ 299 ] Russia has trade-to-GDP ratio (trade openness) 49.26% [ 300 ] which is lower than an average of the countries.
Russian Civil War: An anti-Bolshevik government, the Committee of Members of the Constituent Assembly, was established in Samara under the protection of the Czecho-Slovak Legions 28 June A decree by the Central Executive Committee made war communism , under which all industry and food distribution was nationalized, the economic policy of the ...
Website. government.ru. The government of Russia (Russian: Правительство Российской Федерации, romanized: Pravitelstvo Rossiyskoy Federatsii) is the federal executive body of state power of the Russian Federation. The members of the government are the prime minister, the deputy prime ministers, and the federal ...
Russia,[b]or the Russian Federation,[c]is a country spanning Eastern Europeand North Asia. It is the largest country in the world by area, extending across eleven time zonesand sharing land borders with fourteen countries. [d]It is the world's ninth-most populous countryand Europe's most populous country. Russia is a highly urbanised country ...
The economy of the Russian Empire covers the economic history of Russia from 1721 to the October Revolution of 1917 (which ushered in a period of civil war, culminating in the creation of the Soviet Union). Russian national income per capita increased and moved to closer to the most developed economies of Northern and Western Europe from the ...