We continue our series about the real, different 1990s—not the one portrayed by Putin's propaganda. Today, we'll discuss the "young reformers" in the government—Boris Nemtsov, Anatoly Chubais, and Sergei Kiriyenko—and the period of turbulent reforms in 1997-1998, which ended with the 1998 default. What were these reforms? Why did the default occur, and could it have been avoided? Could Boris Nemtsov have been a contender to succeed Yeltsin, and why did he lose his approval ratings so quickly? What were the consequences of the default? Vladimir Milov speaks, in part, from the perspective of his experience working in the government in 1997-1998.

Previous episodes in the "Other 1990s" series: Другие 90-е

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00:00 - Introduction
00:34 - Reforms of 1997-1998: A Harbinger of Future Growth
03:33 - Young Reformers and Turbulent Reforms 1997-1998
08:39 - What were the reforms of 1997-1998?
17:25 - The First Post-Soviet Year of Growth
20:53 - The First Alarm Bell: The "Writer's Case"
30:25 - The Asian Financial Crisis
33:43 - Kiriyenko's Appointment as Prime Minister
44:14 - The Myth of "General Rokhlin's Conspiracy"
47:30 - The Default That Almost Hadn't Happened
48:58 - The Resounding Absence of President Yeltsin
54:16 - The Role of Chubais and Nemtsov
57:37 - Default: Consequences