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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 TransitionYEGOR 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.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. 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.However, Mr Gaidar was widely seen as a marginal political figure in recent years.