The Fight for Economic Reform in Russia, 1990–1991

Abstract

This article researches not a big, but an important period in the modern history of Russia, which became a transitional stage from a socialist to a market economy. It analyzes the main characteristics of the country’s economy and the circumstances of the transition to the market. The leading role in transforming the economic and political system belonged to the Congress of People’s Deputies of Russia. The “economic” sovereignty of the republic has become the core of Russia’s state sovereignty. The implementation of the declaration required changes in legislation and the management system. Freedom of entrepreneurship, banking, loans, and other innovations have set the task of creating clear and reliable forms of property rights and corresponding guarantees of the state. Normative legal acts of the Congress of People’s Deputies of the RSFSR and the Supreme Soviet of the RSFSR adopted to establish Russia’s economic independence and the transition to market relations caused a “war” of laws, in which the presidents of the USSR and Russia, Union and Russian deputies, ministers and regional leaders participated.