Yeltsin–Gaidar government reforms

The Yeltsin–Gaidar government reforms (Russian: Реформы правительства Ельцина — Гайдара), known also as the Gaidar reforms are the changes in the economy of Russia and public administration system carried out by the Cabinet of Boris Yeltsin and Yegor Gaidar from January 2 to December 15, 1992.

The Yeltsin-Gaidar government liberalized retail prices, liberalized foreign trade, reorganized the tax system and other reforms that radically changed the economic situation in the country. The result of the reforms is Russia's transition to a market economy. During the reform of retail price liberalization, prices increased 10,000 times, and after the reform to the present day, approximately 325 times.