Podcasts History Witness History Russia’s bitter taste of capitalism

Russia’s bitter taste of capitalism

Published: June 26, 2020, 8:30 a.m.

Chaos and hardship hit Russia with the rapid market reforms in early 1992, just weeks after the collapse of the USSR. In 2018 Dina Newman spoke to one of the architects of this “shock therapy” - Andrei Nechaev, who was then the Minister for Economic Development. This programme is a rebroadcast. Photo: Old women selling cigarettes on the streets of Moscow in 1992. Credit: BBC.