The economic and political collapse of the…

The economic and political collapse of the Soviet Union leads Russia into a deep and prolonged depression.

During and after the disintegration of the Soviet Union, wide-ranging reforms including privatization and market and trade liberalization are undertaken, including radical changes along the lines of "shock therapy".

The privatization largely shifts control of enterprises from state agencies to individuals with inside connections in the government, which leads to the rise of the infamous Russian oligarchs.

Many of the newly rich move billions in cash and assets outside of the country in an enormous capital flight.

The depression of the economy leads to the collapse of social services—the birth rate plummets while the death rate skyrockets, and millions plunge into poverty; while extreme corruption, as well as criminal gangs and organized crime, rises significantly.