Early in the 90s the Russian Federation wentthrough an economic crisis that was, worse in comparison to the American GreatDepression and German great depression following the German defeat in the firstworld war. Inflation affected the ruble, while, in thegovernment, smaller parties refused to collaborate with one another which leftthe economic landscape in ruins. Economic changes also allowed a somewhat illegal oligarchy withorigins in the Soviet economic system. Directed by world governments, the WorldBank, and the IMF, Russia began the biggest and most hasty privation of themarkets that the world had never seen before. This was done in order to as quicklyas possible rid the countries from the communist systems.
By the time 1950rolled around, services, trade, retail, and small industries were in the handsof private corporations. Afterhalf of the 90s had passed, Russia implemented a political system with multiplepolitical parties expressing their precense. However it was more difficult to setin a place a representatives governmentdue to two key faults of the governmentsystem—the conflict between parliament and president as well as the chaotic amountof parties.All thewhile, the national government lost control of the bureaucracy and localities;tax profits had fallen. Following the 1998 economic crisis, Yeltsin was nearingthe end of his professional career. He resigned, and left the government in thecontrol of Vladimir Putin, who was at that point the Prime Minister. Russia couldnot bring foreign investments and then experienced considerable capitaloutflows in the past years. Russia’s longer term dilemmas also included a smallergrowing workforce, uncontrollable corruption, and public infrastructure lackingfunds.
Politicalfigure of Navalny as an outcome of Putin’s Policy Prior to Putinwas elected as the new Russian President in the year 2000, he believed thatRussia was a part of the European identity and he couldn’t see Russia separate fromEurope and he would therefore be the leader dedicated to bringing democraticideals, livelihood and liberty to the Russians. However, years later, Russia incontrol of Putin had altered itself far from recognition from the anarchic, absolutepolitical mess it was during the control of Yeltsin. In the internationalcommunity, Russia faced seperation , economic sanctions, and even a cold war. Backin Russia, despite economic decay, Putin enjoyed possibly the greatest ratingof any modern Russian leader. However, it is difficult to not recognize thatPutin has made a tremendous impact on Russia and Earth as a whole.WhenVladimir Putin arrived in his office, Russia just emerged from the horrible marketchanges of the 90s and the 1998 crisis. Putin had no large scale economic view:while Putin cut taxes to assist business, he also nationalized certain sectorsthat were formerly not nationalized. Regardless, unutilized manufacturing andprices increasing for oil (Russia’s primary export) helped bring in an era of neverbefore seen wellbeing that Putin is still recognized for, with disposableincome increasing 200% between 1999 and 2006.
Putin mayhave swapped on certain economic dilemmas, he has continually progressed towardmore powerful control of his authority. In mid-2004, Putin signed a law thatgave permission to the president to appoint regional governors, a right hemostly retains in spite of changes prompted by city protests in 2011 to 2012.Putin’s infamous “castling” with Dmitry Medvedev allowed Putin to becomepresident once again in 2012. All the while, Russia’s dog on the leashparliament had passed a law allowing the presidential term increase from 4 to 6years.Theworldwide financial crisis hit the growth like train, causing it to completely halt.
While oil money had caused growth, not much progress had been made indiversifying the economy. Even prior to oil prices dropping and sanctions becauseof the Ukraine dilemma came into effect in 2014, economists predicted long-termstalling of economic growth.AlthoughPutin called his government’s response to the ruble dropping in late 2014 “good”,blame is put on the central bank’s immediate interest rate rises, and a controversialbond issued by state oil company Rosneft for bring down the Ruble.
With the imprisonmening of oil oligarchs and the murders of multiple prominent oppositionproponents, Putin’s Russia was already a place where dispute was not welcome.But the key changing moment arrived during the winter of 2011-2012. Oppositionprotests for some time threatened a Russian Arab spring in Moscow. Putin actedrapidly. Multiple criminal cases on suspicious charges were opened against theanti-corruption proponent, Alexei Navalny, as well as a couple dozen protestersfrom the mid-2012 Bolotnaya Square protest.