Voucher Privatization and the Rise of the Oligarchs (1992–1996)

1. Privatization acceleration decree sets framework

   Jan 29, 1992Labels: Boris Yeltsin, Privatization Decree

   • Decree 66 RU

2. Government commits to nationwide voucher issuance

   Jun 12, 1992Labels: Russian Government, Voucher Program

   • LA Times

3. Yeltsin announces October voucher rollout plan

   Aug 19, 1992Labels: Boris Yeltsin, Voucher Rollout

   • UPI

4. Mass voucher distribution begins

   Oct 1, 1992Labels: Voucher Distribution, Russian Citizens

   • WaPo
   • UPI

5. Oil sector corporatization set by decree

   Nov 17, 1992Labels: Oil Sector, Corporatization Decree

   • Hist RF

6. Voucher auctions and “small privatization” expand

   Nov 19, 1992Labels: Small Privatization, Regional Auctions

   • UPI

7. Voucher investment funds proliferate

   Jan 1, 1993Labels: Voucher Investment, VIFs

   • Heritage

8. Voucher privatization winds down as deadline nears

   Jun 1, 1994Labels: Mass Privatization, Enterprise Transfers

   • Privatization RU
   • CASE report

9. Voucher stage formally ends; vouchers expire

   Jun 30, 1994Labels: Voucher Expiration, Policy Shift

   • UPI

10. “Loans-for-shares” policy adopted

    Jan 1, 1995Labels: Loans-for-Shares, Fiscal Policy

    • Loans shares
    • Hist RF

11. Insider-dominated loans-for-shares auctions held

    Nov 1, 1995Labels: Loans-for-Shares Auctions, Oligarchs

    • Loans shares
    • Prokhorov

12. Yeltsin launches reelection campaign with Chubais role

    Feb 15, 1996Labels: Boris Yeltsin, Anatoly Chubais

    • Yeltsin camp

13. First round of presidential election

    Jun 16, 1996Labels: 1996 Election, First Round

    • Election 1996
    • OSCE

14. Yeltsin wins runoff, preserving reform trajectory

    Jul 3, 1996Labels: 1996 Runoff, Boris Yeltsin

    • Election 1996
    • OSCE