The Russian government under President Boris Yeltsin implemented the ’loans-for-shares’ privatization scheme between November and December 1995, auctioning twelve of Russia’s most profitable industrial enterprises—including mining, steel, shipping, and oil companies—to a small …
Boris YeltsinVladimir PotaninMikhail KhodorkovskyBoris BerezovskyRoman Abramovich+3 morerussiaoligarchsloans-for-sharesprivatizationcorruption+5 more
Russia launched the world’s largest privatization program, distributing vouchers worth 10,000 rubles each to approximately 148 million citizens, enabling the privatization of over 15,000 medium and large enterprises. The program was designed and implemented by Anatoly Chubais, chairman of the …
Anatoly ChubaisBoris YeltsinState Committee for State Property ManagementRussian Governmentrussiaprivatizationshock-therapyoligarchswealth-transfer+4 more
Harvard University’s Harvard Institute for International Development (HIID) received a $40.4 million contract from the United States Agency for International Development (USAID) to provide advice on privatization and market reforms in post-Soviet Russia, awarded without normal competitive …
Harvard Institute for International DevelopmentAndrei ShleiferJonathan HayLawrence SummersUnited States Agency for International Development+1 morerussiaharvardusaidshock-therapyprivatization+4 more