On 12 June 1991 Boris Yeltsin was elected as the president of the Russian Soviet Federative Socialist Republic with 57% of the vote, becoming the first popularly elected president. However, Yeltsin never recovered his popularity after a series of economic and political crises in Russia in the 1990s.
Today the far 1990s seem to many far ancient history. 37% of people believe that another President could change the life of the country for the better and only one forth part of those interviewed state that nothing could delay the awful deprivations of 1990s.
Common people of those time thought of the new Russia as a country that would rest on such soft values as freedom of speech, pluralism and joining Europe.
However, in practice, it was even more simple than that, as what people wanted was to get rid of poverty, shortage of products, criminality and despair.
Let’s review some problems of that period.
‘Terror avenue of communism. What we demand is truth and public judiciary procedure”
It is believed that the debate over renaming Leningrad into St. Petersburg in 1989-1991 was rather the controversy between old and new values. Â It was not just about a battle between two great men of Russian/Soviet history, Peter the Great and Vladimir Lenin.
The reform satisfied most of the intelligentsia, democrats and pro-reform Petersburgans, and turned the conservative communists, veterans and the military into â€œlosersâ€ of democratic transition. The awful war of 1941-1945 was still vivid and bright in the memory of those who saw it. Renaming made them think that all the losses would be forgotten soon.
Economic Reform in Russia started in the year of 1990 to achieve macroeconomic stability and to restructure the country’s economic framework. Â Another goal of the economic reform was to open the market for the foreign investors to connect the Russian economy with the other countries of the world. Â The program laid out a number of macroeconomic policy measures to achieve stabilization.
The program aimed at reducing the government budget deficit from its 1991 level of 20 percent of GDP to 9 percent of GDP by the second half of 1992 and to 3 percent by 1993. Â The prices on energy and food staples increased twice, thrice or even more. Annual expense gain of the population didn’t have to exceed 0.6%.