1991 Russian spire, start timeline here.
December

Gorbachev
Yeltsin

Mikhail Gorbachev resigns as president of the USSR on December 25th. Soviet Union ceases to exist.

Soviet Union dissolved by:
  • Boris Yeltsin (Russia)
  • Leonid Kravchuk (Ukraine)
  • Stanislav Shushkevich (Belarus)
Commonwealth of Independent States (CIS) formed.

Eleven republics confirm decision at Alma-Ata.

Annual inflation rate = 161.0%

1992
January

Shock therapy, a program to change Russia to a free market economy as soon as possible, begins.

The reforms were implemented in three parts:
  • Price liberalization.
  • Restricted financial and money policy.
  • Privatization.
March

Chechen Parliament issues a declaration of independence.

May

CIS members sign Collective Security Treaty.

United States and all four post-Soviet nuclear states sign Strategic Arms Reduction Treaty (START).

June

Russia becomes a member of the International Monetary Fund (IMF).

August

Yeltsin announces mass privatization program.

October

Last Russian combat troops leave Poland.

November

Russia ratifies START I, reducing strategic offensive arms.

December

Russian woman crying in store

Yeltsin goes to China and signs nonaggression declaration.

Annual inflation rate = 2,506.0%

At this state-owned shop in St. Petersburg, the price of a bottle of milk jumped from 1.5 rubles to 8 rubles. (AP/Wide World Photo)

1993
January

Year begins with inflation running close to 30% per month.

Yeltsin and US President George Bush sign the START II treaty in Moscow, further reducing strategic offensive arms.

April

Vancouver summit marks first formal meeting between Yeltsin and US President Bill Clinton. United States finalizes aid package of US$1.6 billion.

US-Russian Joint Commission on Economic and Technological Cooperation (known informally as the Gore-Chernomyrdin Commission) is created.

May

Twenty thousand communist supporters gather at October Square on May Day to protest the government's policies.

July

Parliament annuls presidential decrees on economic reforms. Yeltsin issues decree continuing program.

August

Former Soviet troops withdrawn from Lithuania.

September

Land decree permits sale of agricultural land among Russian citizens.

Yeltsin issues Decree No. 1400 dissolving the Supreme Soviet and setting new parliamentary elections for December 12.

October

Russian White House under siege

Yeltsin issues state of emergency. Army troops enter Moscow and begin siege of White House. Aleksandr Rutskoi, Ruslan Khasbulatov, General Albert Makashov, and others surrender.

Presidential decree establishes right of Russian citizens to own, buy, sell, lease, and mortgage land.

The Russian Army launched an assault on the White House in Moscow on October 4. (AP/Wide World Photo)

December

Elections for a new parliament (known as the Duma) and a referendum on new constitution held.

Liberal Democrats
(led by Vladimir Zhirinovsky)
received 24% of the vote.

The Communist and Agrarians
(led by Gennady Zyuganov)
received 19% of the vote.

The new constitution was approved by 58% of voters.

Annual inflation rate = 840.0%.

1994
January

Victor Chernomyrdin is appointed prime minister.

Clinton and Yeltsin pledge that, beginning in May 1994, strategic missiles will no longer be aimed at any country.

March

IMF loan worth $1.5 billion US dollars will be released.

June

Yeltsin and leaders of European Union sign agreement on partnership and cooperation.

Russia joins NATO's Partnership for Peace.

July

Last Russian troops leave Germany, Estonia, and Latvia.

September

Fighting breaks out in Chechnya.

October

Ruble crashes on Black Tuesday, October 11. Exchange rate collapses 27%.

November

Russian Security Council votes to send troops to Chechnya.

December

Yeltsin announces deployment of troops to Chechnya.

Annual inflation rate = 204.4%

1995
January

Cathedral of Christ the Savior in Moscow

Reconstruction begins on the Cathedral of Christ the Savior in Moscow. It was the oldest cathedral in Russia before Stalin had it destroyed and replaced by a swimming pool in 1931.

Russian troops capture Grozny, the Chechen capital.

The new Cathedral of Christ the Savior.

March

Ruble begins to stabilize as monthly inflation rate falls below 10%.

June

Chechen rebels raid Russian town of Budennovsk, taking more than 1,000 hostages.

Yeltsin asks for Russian membership in G-7 at meeting in Halifax.

October

Yeltsin suffers second heart attack in four months.

November

Minimum wage as of November 1, 1995, is 57,750 rubles per month (US$12).

December

Russia agrees to join NATO's efforts to enforce Dayton Peace Accords.

Annual inflation rate = 128.6%.

1996
January

Yeltsin's approval rating stands at 8%.

Russia's membership in the Council of Europe becomes official.

April

Beijing and Moscow announce "strategic partnership."

May

Chechnayan woman crying in front of shelled building

Russia and Chechnya agree to a cease-fire, whose terms are immediately violated; fighting resumes.

Amid the ruins of Chechnya's largest city, Grazny, this woman says she has lost her entire family. (AP/Wide World Photo)

June

Ukraine transfers its last nuclear weapons to Russia.

July

Yeltsin defeats Zyuganov in runoff 53.8% to 40.3%.

August

Aleksander Lebed and Aslan Maskhadov sign peace accord in Chechnya.

November

Yeltsin undergoes successful quintuple bypass surgery.

A third Kilo-class submarine is sold to Iran and transfer of nuclear-reactor technology continues despite Western objectives.

December

Last Russian combat forces leave Chechnya.

Annual inflation rate = 21.8%.

1997
May

Yeltsin signs Russia-NATO Founding Act in Paris that creates NATO-Russia Joint Council.

September

Patriarch Alexy II

Yeltsin signs a bill making Russian Orthodox the country's preeminent faith, limiting the practice of many other religions.

Patriarch Alexy II is head of the Russian Orthodox church. (AP/Wide World Photo)

December

Annual inflation rate = 10.9%

1998
February

IMF Managing Director Michel Camdessus says reform in Russia is on track.

July

Duma committee begins drafting bill of impeachment for Yeltsin.

Remains of Tzar Nicholas II interred in Cathedral of Sts. Peter and Paul in St. Petersburg.

August

People in Russian soup line

Russia hits financial crisis.

The Salvation Army provides free soup during a heavy snowfall in Moscow. (AP/Wide World Photo)

December

Annual inflation rate = 84.5%

1999
August

Putin

Last cosmonaut crew abandons the MIR space station.

Vladimir Putin, former KGB intelligence officer, is confirmed as prime minister.

October

Second Chechen war begins.

December

Annual inflation rate = 36.8%

2000
March

Vladimir Putin is elected president.

May

Government begins crackdown on MediaMost conglomerate and other media outlets.

August

Kursk submarine sinks killing all 118 on board.

November

Old Soviet national anthem is revived.

December

Chernobyl nuclear plant finally shut down.

Annual inflation rate = 19.7%

2001
June

Duma passes plan to begin importing nuclear waste for storing and reprocessing.

Putin holds first meeting with new US President George W. Bush.

July

Putin and Zemin embracing

Russia and China sign friendship pact.

Putin embraces Chinese President Jiang Zemin in Moscow. (AP/Wide World Photo)

September

Russia pledges to cooperate in global fight against terrorism.

© 2001 by The Stanley Foundation
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