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Russia’s economic transformation in the 1990s was one of the most radical experiments in modern history. Known as shock therapy, this approach dismantled the Soviet command economy almost overnight, plunging millions into poverty and creating an oligarchy that still dominates Russia today. In this video, we explore the dramatic story of how a superpower collapsed within months, the rise of the Russian oligarchs, and the devastating impact on ordinary citizens. Learn about the role of Boris Yeltsin, the IMF, and Western economists in shaping Russia’s transition to capitalism—and the consequences that still resonate in Russian society and politics. Key topics covered in this video: What was shock therapy, and why was it implemented? The human cost of hyperinflation, unemployment, and privatization. The rise of Russian oligarchs like Roman Abramovich and Mikhail Khodorkovsky. How public services collapsed and life expectancy plummeted. The long-term legacy of Russia’s shock therapy on global economics and politics. What lessons can we learn from Russia’s experience? Watch to find out and join the conversation in the comments. Don’t forget to subscribe for more historical deep dives and economic analysis.\ Your searches Russia shock therapy, Russian economy 1990s, Soviet Union collapse, post-Soviet transition, capitalism in Russia, Russian oligarchs, Boris Yeltsin reforms, IMF and Russia, economic crises in history, privatization in Russia, neoliberal policies, Russian economic collapse, lessons from shock therapy, hyperinflation in Russia, Russia’s oligarchy origins, Jeffrey Sachs Russia Hashtags use #RussiaShockTherapy #SovietUnionCollapse #EconomicHistory #RussianOligarchs #NeoliberalReforms #PostSovietRussia #CapitalismVsCommunism #IMF #Privatization #EconomicCollapse