The crisis in the Russian Federation's economy continues to worsen. While the decline of the GNP in 1990 was 2 percent compared with the preceding year, in 1991 it was 9 percent, and in 1992, 19 percent. The magnitude of the decline remained unchanged in the first half of 1993. Production in...

The government's economic program that was approved in December 1989 by the Second Congress of USSR People's Deputies and that was calculated for the next six years actually existed only a few months. On 11 March 1990, the USSR Council of Ministers adopted a decree "On the Preparation of...

On the basis of the Government Program for 1995-97 that was approved in March 1995, it was expected that monetary-credit policy in 1995 would be oriented toward accelerating financial stabilization, shortening the phase of structural crisis phase, and forming the initial conditions and potential...