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Boris Yeltsin Борис Ельцин | |
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| Born | 1 February 1931 Butka, Russian SFSR, Soviet Union |
| Died | 23 April 2007 Moscow, Russian Federation |
| Cause of death | Heart failure |
Boris Yeltsin was the first president of the Russian Federation, ruling from 1991 to 1999. He implemented neoliberal "shock therapy" policies that allowed capitalist oligarchs to take control of Russia's economy.[1] As a result, the poverty rate in Russia increased from 2% to 50%[2] and the population decreased for 15 years straight.[3]
References
- ↑ Anders Aslund (1999). Russia's Collapse. Foreign Affairs.
- ↑ Branko Milanovic. Income, Inequality, and Poverty during the Transition from Planned to Market Economy (p. 36). [PDF] World Bank.
- ↑ "Russia Population". Worldometers. Retrieved 2022-03-12.