Problems under Boris Yeltsin (aug 12, 1991 – aug 12, 1996)
Description:
Abrupt shift to free-market economy- > inflation and economic hardship
- crony capitalism creates Oligarchy class
Chechnya Rebels
- Declare independence --> Yeltsin says no
- 40,000 Russian troops destroy the capitol
- August 1996 –-> ceasefire
- Tension today
Added to timeline:
Date:
aug 12, 1991
aug 12, 1996
~ 5 years