Russias Economic Crisis

A detailed Summary of Russias Economic Crisis

In November of 1997 markets fall worldwide,

marking the beginning of the worldwide economic recession.

On March 23, 1998 Yeltsin sacked his Prime Minister Viktor

Chernomyrdin and replaced him with not so well known

Kiriyenko, the energy minister to Viktor Chernomyrdin. May

12, 1998 coal workers strike over unpaid wages. They block

the Trans-Siberian railway. This turns foreign investors

off. Stock prices fall in the same month after the passing

of a law calling for the removal of all foreign investment

in Russia's largest energy company. The IMF pulls back

Approximate Word count = 411
Approximate Pages = 2 (250 words per page double spaced)

Category: History

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