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Conversations on RussiaReform from Yeltsin to Putin$
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Padma Desai

Print publication date: 2006

Print ISBN-13: 9780195300611

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195300611.001.0001

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The Shock Therapist

The Shock Therapist

Chapter:
(p.95) Chapter 3 The Shock Therapist
Source:
Conversations on Russia
Author(s):

Yegor Gaidar

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195300611.003.0004

Yegor Gaidar, an economic reformer, was acting prime minister for a year until his resignation in January 1993. He was the author of the “shock therapy” approach to Russian economic reform, which involved the rapid elimination of price controls, as well as military procurement and industrial subsidies from the federal budget. The interview features Russia's war with Chechnya, which witnessed a dramatic increase in Russian nationalism as a result of terrorist acts and, most recently, the Beslan tragedy of September 2004. Gaidar also discusses the acquisition initiatives by Gazprom to acquire the private oil company Sibneft instead of state-owned Rosneft as a reaction to raise state control of Gazprom to 51 percent.

Keywords:   Yegor Gaidar, industrial subsidies, Chechnya, Gazprom

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