The economic history of the Russian Federation begins after the collapse of the Soviet Union in 1991 and the collapse of Russia as a controlled economy, a new Russian Federation was created under Boris Yeltsin in 1991. The Russian Federation had many reforms economic, including privatization and market and trade liberalization, due to the collapse of communism. Although the economy is much more stable compared to the 1990s, inflation remains a problem for Russia. Historical background
For nearly 60 years, the Russian economy and that of the rest of the Soviet Union operated on the basis of a centrally planned economy, with state control over virtually all means of production and investment decisions. production and consumption throughout the economy. The economic policy was made in accordance with the directives of the Communist Party of the Soviet Union, which controlled all aspects of economic activity. Since the collapse of communism in the 1990s, Russia has experienced difficulties in making the transition from a centrally planned economy to a market-based economy.
Much of the structure of the Soviet economy that worked until 1987 originated under the direction of Joseph Stalin, only with incidental modifications made between 1953 and 1987. The five-year plans and the annual ones were the main mechanisms of the Soviet government used to translate economic policies into programs. In accordance with these policies, the State Planning Committee (Gosudarstvennyy planovyy komitet - Gosplan) formulated production targets throughout the country for established planning periods. The regional planning bodies then perfected these objectives for the economic units, such as the state industrial enterprises and the state farms (sovjoses, sing, sovkhoz) and the collective farms (koljoses; sing, kolkhoz), each of which He had his own specific production plan. Central planning operated on the assumption that if each unit met or exceeded its plan, then demand and supply would be compensated.
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