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The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before ...
The Government is the subject of the 6th chapter of the Constitution of the Russian Federation. According to the constitution, the government of the Russian Federation must: Draft and submit the federal budget to the State Duma; ensure the implementation of the budget and report on its implementation to the State Duma;
The Establishment of Soviet power in Russia (in Soviet historiography, «Triumphal Procession of Soviet Power») was the process of establishing Soviet power throughout the territory of the former Russian Empire, with the exception of areas occupied by the troops of the Central Powers, following the seizure of power by Bolsheviks in Petrograd on 7 November 1917 [O.S. 25 October], and in mostly ...
Upon the Soviet Union's collapse, the new Russian government was forced to manage the huge state enterprise sector inherited from the Soviet economy.Privatization was carried out by the State Committee for State Property Management of the Russian Federation under Anatoly Chubais with the primary goal being to transform the formerly state-owned enterprises into profit-seeking businesses, which ...
Demokratizatsiya (Russian: демократизация, IPA: [dʲɪməkrətʲɪˈzatsɨjə], democratization) was a slogan introduced by CPSU General Secretary Mikhail Gorbachev in January 1987 calling for the infusion of "democratic" elements into the Soviet Union's single-party government.
The Russian government believed that the open sale of state-owned assets, as opposed to the voucher program, would have likely resulted in the further concentration of ownership among the Russian mafia and the nomenklatura, which they sought to avoid. Nevertheless, contrary to the government's expectations, insiders managed to acquire control ...
The Decree on the system of government of Russia [b] [1] was a basis of the new constitution declared in 1918 in Russia during the Russian Revolution of 1917, during the five-month interregnum between the downfall of the Alexander Kerensky government and the official declaration of the Russian Socialist Federative Soviet Republic. [2]
The politics of Russia take place in the framework of the federal semi-presidential republic of Russia.According to the Constitution of Russia, the President of Russia is head of state, and of a multi-party system with executive power exercised by the government, headed by the Prime Minister, who is appointed by the President with the parliament's approval.