1998 Russian Financial Crisis and Ruble Devaluation (1997–1999)

1. Global shock raises pressure on Russia’s finances

   Oct 1, 1997Labels: Asian Financial, Russia

   • Britannica
   • ForeignAffairs

2. Yeltsin appoints Sergei Kiriyenko as prime minister

   Mar 23, 1998Labels: Boris Yeltsin, Sergei Kiriyenko

   • Guardian
   • Britannica

3. IMF approves major loan as markets worsen

   Jul 20, 1998Labels: IMF, Russia

   • RFE RL
   • WashPost

4. Russia devalues ruble and restructures domestic debt

   Aug 17, 1998Labels: Central Bank, GKOs OFZs

   • PBS Frontline
   • RFE RL

5. 90-day moratorium freezes key foreign-currency obligations

   Aug 17, 1998Labels: 90-day Moratorium, Russian banks

   • RFE RL
   • Brookings

6. Russia misses GKO payment as default becomes clear

   Aug 19, 1998Labels: GKO default, Russian government

   • PBS Frontline
   • ForeignAffairs

7. Yeltsin dismisses Kiriyenko after crisis escalation

   Aug 23, 1998Labels: Boris Yeltsin, Sergei Kiriyenko

   • Independent
   • TASS

8. Central bank lets the ruble float freely

   Sep 2, 1998Labels: Central Bank, Ruble

   • Brookings
   • Wikipedia

9. Primakov confirmed as prime minister amid emergency measures

   Sep 11, 1998Labels: Yevgeny Primakov, State Duma

   • CBS News
   • TASS

10. Global contagion intensifies; LTCM rescue follows

    Sep 23, 1998Labels: LTCM, Global markets

    • Cato
    • J FinStab

11. Ruble collapse drives inflation and bank failures

    Dec 1, 1998Labels: Russian banks, Inflation

    • TASS
    • Brookings

12. Devaluation supports a 1999 rebound in domestic production

    Jan 1, 1999Labels: Devaluation, Russian industry

    • Britannica
    • Wikipedia