Early in the 90s the Russian Federation went
through an economic crisis that was, worse in comparison to the American Great
Depression and German great depression following the German defeat in the first
world war.

 

Inflation affected the ruble, while, in the
government, smaller parties refused to collaborate with one another which left
the economic landscape in ruins.  Economic changes also allowed a somewhat illegal oligarchy with
origins in the Soviet economic system. Directed by world governments, the World
Bank, and the IMF, Russia began the biggest and most hasty privation of the
markets that the world had never seen before. This was done in order to as quickly
as possible rid the countries from the communist systems. By the time 1950
rolled around, services, trade, retail, and small industries were in the hands
of private corporations.

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After
half of the 90s had passed, Russia implemented a political system with multiple
political parties expressing their precense. However it was more difficult to set
in a place a representatives governmentdue to two key faults of the government
system—the conflict between parliament and president as well as the chaotic amount
of parties.

All the
while, the national government lost control of the bureaucracy and localities;
tax profits had fallen. Following the 1998 economic crisis, Yeltsin was nearing
the end of his professional career. He resigned, and left the government in the
control of Vladimir Putin, who was at that point the Prime Minister. Russia could
not bring foreign investments and then experienced considerable capital
outflows in the past years. Russia’s longer term dilemmas also included a smaller
growing workforce, uncontrollable corruption, and public infrastructure lacking
funds.

 

Political
figure of Navalny as an outcome of Putin’s Policy

 

Prior to Putin
was elected as the new Russian President in the year 2000, he believed that
Russia was a part of the European identity and he couldn’t see Russia separate from
Europe and he would therefore be the leader dedicated to bringing democratic
ideals, livelihood and liberty to the Russians. However, years later, Russia in
control of Putin had altered itself far from recognition from the anarchic, absolute
political mess it was during the control of Yeltsin. In the international
community, Russia faced seperation , economic sanctions, and even a cold war. Back
in Russia, despite economic decay, Putin enjoyed possibly the greatest rating
of any modern Russian leader. However, it is difficult to not recognize that
Putin has made a tremendous impact on Russia and Earth as a whole.

When
Vladimir Putin arrived in his office, Russia just emerged from the horrible market
changes 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 sectors
that were formerly not nationalized. Regardless, unutilized manufacturing and
prices increasing for oil (Russia’s primary export) helped bring in an era of never
before seen wellbeing that Putin is still recognized for, with disposable
income increasing 200% between 1999 and 2006.

Putin may
have swapped on certain economic dilemmas, he has continually progressed toward
more powerful control of his authority. In mid-2004, Putin signed a law that
gave permission to the president to appoint regional governors, a right he
mostly retains in spite of changes prompted by city protests in 2011 to 2012.
Putin’s infamous “castling” with Dmitry Medvedev allowed Putin to become
president once again in 2012. All the while, Russia’s dog on the leash
parliament had passed a law allowing the presidential term increase from 4 to 6
years.

The
worldwide financial crisis hit the growth like train, causing it to completely halt.
While oil money had caused growth, not much progress had been made in
diversifying the economy. Even prior to oil prices dropping and sanctions because
of the Ukraine dilemma came into effect in 2014, economists predicted long-term
stalling of economic growth.

Although
Putin 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 controversial
bond issued by state oil company Rosneft for bring down the Ruble.

With the imprisonmening of oil oligarchs and the murders of multiple prominent opposition
proponents, Putin’s Russia was already a place where dispute was not welcome.
But the key changing moment arrived during the winter of 2011-2012. Opposition
protests for some time threatened a Russian Arab spring in Moscow. Putin acted
rapidly. Multiple criminal cases on suspicious charges were opened against the
anti-corruption proponent, Alexei Navalny, as well as a couple dozen protesters
from the mid-2012 Bolotnaya Square protest.