April 24th, 2016 ~ Fort Russ News ~
~ Inessa Sinchougova ~ Fort Russ ~
“To the new Russian century!” – Putin, 1999
And the rest was history.
There is no consensus on all the reasons behind Yeltsin’s resignation, however this clip features his last address to the nation on 31 December 1999. After a number of heart attacks, he was in poor health and with slurred speech. It is also believed that he left the country in worse shape than he found it in, with the collapse of the USSR; the Chechen wars had brought civil conflict and international terrorism to Russian territory, the 1998 financial crisis had destroyed the economy and personal savings, while at the same time, Russia was hugely indebted to the International Monetary Fund and World Bank.
One of the first things Putin had done in his role as President, is repay IMF loans in full, much ahead of schedule, so that no outside organisation had leverage over Russia’s policies. Similarly, he had quashed the CIA/Saudi Wahhabism-influenced conflicts in Chechnya, by empowering a local leader, Akhmad Kadyrov.
Putin’s address as acting President of the Russian Federation in 1999 came as a complete surprise to much of the country. How did he achieve this? What are your thoughts?