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[[Image:Historic Centre of St. Petersburg.jpg|thumb|260px|Historic Center of St. Petersburg.]]
[[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.
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.
===Human Rights===
[[Image:Human Rights.JPG|right|300px|]]
Some specific areas of human rights violations of the Soviet era continued on into the late 1990s and even have been reported up to 2002.
These involved experimentation on humans and the use of imported foreign forced labor, particularly from North Korea, to work in forestry in gulag type camps of Siberia (for Russian and other newspaper accounts, see [[Essay: KAL 007 Survivors and Gulags of Russia]]). Experimentation on humans have been noted by Russian rights activists in connection with certain medical facilities. The Serbsky Institute and Mental Hospital figuring in as a center for mind altering experiments receives startling confirmation from Emilia Cherkover, former Deputy of the Zelenograd Soviet and member of the Russian Federation Human Rights Commission. Cherkover maintains that, along with Vladivostok and Moscow prisons and the mental hospital in Oryal, microwave (psychotronic and electromagnetic application) experiments had been conducted on humans between 1989 and 1990 at the Serbsky Institute in Moscow (see [[The Stavitski Account]]). {{fact}}
<blockquote>
Journalist Yury Vorobyovsky has been investigating the top secret program of "psychotronic" brainwashing techniques developed by the KGB and the Ministry for three years. He notes Emilia Cherkova's claim that there are over a million victims. Her group, Ecology and Living Environment had filed damages against the [[Federal Security Service]] (FSB). The newspaper reports, "there is strong evidence that some kind of psychotronic warfare program did exist in the Soviet period, and that the technology may be falling into the wrong hands" (From Moscow Times, 7-11-95).{{fact}}
</blockquote>
====Chechen wars====
====Chechen wars====