Tag Archives: Commonwealth of Independent States

this day in history: Boris Yeltsin Elected President of Russia (1991)


Boris Yeltsin Elected President of Russia (1991)

Yeltsin served as Russia’s first democratically elected president. He directed the Russian Federation‘s secession from the USSR and the formation of a new, decentralized confederation, the Commonwealth of Independent States, with himself as its leader. As president, Yeltsin instituted a radical reform program that consisted of the mass privatization of state-run enterprises, after which the country experienced inflation, heavy taxes, and a protracted economic depression. Who succeeded Yeltsin? More… Discuss

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