What helped reduce sharp inflation in Russia after the end of the Soviet Union?

Social Studies

1 answer:

Anestetic [448]3 years ago

7 0

Answer: privation

Explanation:

They implemented new taxes and improved tax collection that helped raise revenues. They also restricted the growth of their money supply and made changes in the tax system to encourage investors. Other reforms that were introduced were the privatization of businesses giving people more opportunities to engage in business activities

The sharp inflation following the fall of the Soviet Union was thwarted in Russia through smart reforms which enabled the newly formed russian state to quickly change their economic model to one that is more profitable and isn't subject to such high inflation.

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