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Russia reform 'tsar' Gaidar dies | Russia reform 'tsar' Gaidar dies |
(10 minutes later) | |
Yegor Gaidar, the architect of Russia's market reforms in the 1990s, has died aged 53, his spokesman has said. | Yegor Gaidar, the architect of Russia's market reforms in the 1990s, has died aged 53, his spokesman has said. |
The spokesman said Mr Gaidar died of a blood clot. | The spokesman said Mr Gaidar died of a blood clot. |
Mr Gaidar was Russia's acting prime minister in 1992, launching the "shock therapy" reforms after the collapse of the Soviet Union. | Mr Gaidar was Russia's acting prime minister in 1992, launching the "shock therapy" reforms after the collapse of the Soviet Union. |
Mr Gaidar is credited with carrying out the first wave of privatisations under President Boris Yeltsin. His lifting of price controls was highly unpopular. | Mr Gaidar is credited with carrying out the first wave of privatisations under President Boris Yeltsin. His lifting of price controls was highly unpopular. |
YEGOR GAIDAR June-Dec 1992: Russian acting prime ministerImplemented economic "shock therapy"Director of Institute for the Economy in Transition | |
The policies angered millions of Russians who saw their savings devalued. | |
Mr Gaidar later headed a Moscow-based think-tank which had criticised then-President Vladimir Putin's economic policies. | |
However, Mr Gaidar was widely seen as a marginal political figure in recent years. |