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Economic 'shock therapy' in Russia

Witness History

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Introduction

b b c world service looks at russia under president vladimir putin. After the collapse of the soviet union seven years earlier, a new russian government had turned the country's economy from state controlled socialism to free market capitalism. This led to widespread hardship and the emergence of a new class of oligarchs. In 20 18, dina newman spoke to andre nichae the architect of this shock therapy.

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