Timelines |

Chronology

 

Date

1991                                            Event

June 12                     Boris Yeltsin elected president of Russia

August 19-21            Abortive Communist coup

October 28               Yeltsin's big reform speech

November 6-8          Reform government appointed

December 8              Belovezhsky agreement between Belarus, Russia, and Ukraine on the                                  abolition of the USSR and the foundation of the CIS

December 21            The CIS broadened to 11 countries at meeting in Alma-Ata

December 25            Mikhail S. Gorbachev resigns as president of the USSR

 

1992

January 2                  The big price liberalization

February 27              Shadow program with the IMF signed

April 3                      Gennady Burbulis ousted as first deputy prime minister

April 6                      Sixth Congress of People's Deputies convened

May-June                 Vladimir Lopukhin sacked as minister of fuel and energy; three industrialists                                  appointed deputy prime ministers: Viktor Chernomyrdin, Vladimir                                  Shumeiko, and Georgy Khizha

June 11                     Supreme Soviet adopts Privatization Program for 1992

July 1                        Formal separation of the Russian ruble from other noncash rubles

July                          Russia and the IMF sign a standby agreement

July 17                     Viktor Gerashchenko appointed acting chairman of the Central Bank of                                  Russia

August 19                Yeltsin announces voucher privatization

December 12           Yegor Gaidar ousted as acting prime minister by the Seventh Congress of                                  People's Deputies

December 14            Chernomyrdin appointed prime minister

 

1993

March 28                   Congress of People's Deputies fails to impeach Yeltsin

April 16                     Oleg Lobov appointed first deputy prime minister and minister of the                                        economy

April 20                     Technical credits to other former Soviet republics abolished

April 25                     Referendum

May                           Agreement with the IMF on a Systemic Transformation Facility

July 24                       Demonetization of Soviet ruble banknotes

September 7               Agreement on the formation of a ruble zone of a new type

September 18             Gaidar replaces Lobov as first deputy prime minister and Minister of the                                       Economy

September 21             Yeltsin dissolves Congress of People's Deputies and Supreme Soviet

September 25             Subsidized credits abolished

October 3-4               Armed uprising in Moscow; storming of the White House

December 12             Parliamentary elections and referendum on the new constitution

 

1994

January 5                   Agreement on monetary union with Belarus signed

January 16                 Gaidar resigns as first deputy prime minister and minister of the economy

January 20                  Boris Fedorov resigns as deputy prime minister and minister of finance

April                           Renewed agreement with the IMF on Systemic Transformation Facility

October 11                 "Black Tuesday"~a one-day collapse of the exchange rate of the ruble


From Anders Aslund, How Russia Became a Market Economy, pp.319-320.