Post-1991 Political Challenges & Nationalism since WWII

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President Boris Yeltsin

His government during this time failed to improve Russia’s economy after WWII

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shock therapy

an economic strategy that groups several economic strategies that will liberalize the economy.

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Russia’s reaction to shock therapy (economy)

Failed to make a transition to a market economy

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1998 Financial Crisis

Russia’s currency collapsed

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War in Chechnya

Muslim Russians declaring independence from Russia and Yeltsin ordered an invasion

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Crimea Crisis

Putin seizes Crimea (in Ukraine) and annexed it

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Ukrainian Crisis

Feared Putin would invade Ukraine since ethnic Russian in Eastern Ukraine did not like their independence.

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