Economic Reform in Russia

Russia's economic reform was once an outstanding republic of the Soviet Socialist Republic Alliance and since the collapse of the Soviet Union in 1991, Russia is an independent country. Due to its size, natural resources and political control, the Russian Federation played a leading role in the Soviet economy. In the years before the union collapsed in 1991, the decline of the Russian economy and the entire union was decreasing. In 1992 after separation, the Russian government immediately implemented a series of fundamental reforms.

America and Russia still find many conflicts. The United States has worked hard to boost Russia for further political and economic reform, but Russia is angry with what they call what they call internal interference. The US and NATO's allies have asked the new former Soviet Union to join the alliance in the face of deep opposition from Russia. Russia and the United States are in contradiction as to how best to solve the final position of Kosovo and how to deal with Iran's efforts to acquire nuclear weapons. Recently, military actions that have controversial views on Russia to merge Crimea and Georgia stress the difference between US and Russia relations.

The United States has promised to provide $ 4.5 billion as part of a $ 24 billion international plan to support Russian economic reform. Trade agreements between the US and Russia, bilateral investment and tax agreements, and investment incentive agreements for overseas private investment companies will strengthen economic cooperation. Other agreements tell the end of the Cold War. Yeltsin and Bush agreed to cancel the restrictions on the number and flow of diplomacy, consular and civil servants, and opened consulates in Vladivostok and Seattle. We also agreed to send peace team volunteers to Russia and open Russian airspace to East Siberia.

After the end of the Cold War and the collapse of the Soviet Union, the Republic of Russia and Central Asia was economically weakened and faced a decline in gross domestic product. The post-Soviet countries experienced economic reform and privatization. Immediately following the collapse of the Soviet Union by President of Belarus, Kazakhstan, Russia on 8th December 1991, the process of integration between Europe and Asia began to save economic ties with the post-Soviet countries.

Following the collapse of the Soviet Union, Russia accepts large-scale economic reforms inspired by a few free marketers around Yeltsin's president, abolishes price control, privatizes and distributes all state-owned industries publicly. This is called "shock therapy", but due to economic reform under price control, food prices soared and privatization caused massive unemployment. People began to be hungry in Russia. Selling stocks at hopeless prices is only a fraction of their real value and creates ruthless oligarchism. The new Russian parliament is angry, protesting these economic reforms. In response, Yeltsin stopped democracy, ordered the army to use tanks and bomb parliament buildings.