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→Yeltsin
Vladimir Putin revealed that the [[Boris Yeltsin]] administration had been compromised by corrupt [[CIA]] agent who were exploiting Russia for personal gain during the hard times in the immediate aftermath of the collapse of the Soviet Union and its painful transition to a [[free market]] economy:
Vladimir Putin revealed that the [[Boris Yeltsin]] administration had been compromised by corrupt [[CIA]] agent who were exploiting Russia for personal gain during the hard times in the immediate aftermath of the collapse of the Soviet Union and its painful transition to a [[free market]] economy:
{{quotebox-float|"in the mid-1990s, we had, as it later turned out, cadres of the US Central Intelligence Agency sitting as advisers and even official employees of the Russian government...They were later prosecuted in the United States for violating US law and taking part in privatization while they were CIA employees working for us...They lived and worked here…They didn’t need such subtle instruments of interference in our political life because they controlled everything anyway”.<ref>https://www.rt.com/russia/542786-kremlin-officials-warming-relations-cia/</ref>}}
{{quotebox-float|"in the mid-1990s, we had, as it later turned out, cadres of the US Central Intelligence Agency sitting as advisers and even official employees of the Russian government...They were later prosecuted in the United States for violating US law and taking part in privatization while they were CIA employees working for us...They lived and worked here…They didn’t need such subtle instruments of interference in our political life because they controlled everything anyway”.<ref>https://www.rt.com/russia/542786-kremlin-officials-warming-relations-cia/</ref>}}
[[Image:Historic Centre of St. Petersburg.jpg|thumb|260px|Historic Center of St. Petersburg.]]
The Russian economy underwent tremendous stress in the 1990s as it moved from a centrally planned economy to a free market system. Difficulties in implementing fiscal reforms aimed at raising government revenues and a dependence on short-term borrowing to finance budget deficits led to a serious financial crisis in 1998. Lower prices for Russia's major export earners (oil and minerals) and a loss of investor confidence due to the Asian financial crisis exacerbated financial problems. The result was a rapid and steep decline (60%) in the value of the ruble, flight of foreign investment, delayed payments on sovereign and private debts, a breakdown of commercial transactions through the banking system, and the threat of runaway inflation.
====Chechen wars====
====Chechen wars====