Defolt 1998. The first economic crisis in post -Soviet history
25 years ago, on August 17, 1998, the first truly “capitalist” financial and economic crisis in the country's recent history began in Russia. On this day, the Russian government, headed by Sergei Kiriyenko and the Central Bank, led by Sergei Dubinin, published a joint statement in which the government announced a unilateral restructuring of public debt (which actually meant default), and the Central Bank about the sharp expansion of the boundaries of the currency corridor.