Russia´s Economy and Society Face New Challenges - International Reports
Russia´s Economy and Society Face New Challenges
The end of the Soviet era brought about fundamental changes in Russia’s economy and its conditions. The transformation from a command to a market economy was painful and caused numerous derivative problems. Privatization paved the way for the oligarchs, who were able to accumulate immense riches due to their connections with politicians and secret-service officials. The old structures in the country’s economic life dissolved but were not replaced.