Simultaneously, they propose the general liberalisation of prices applying both to enterprise and the public.

In regard to economics, he began with the policy of liberalisation of prices and at the end of his mandate introduced a series of exchange measures with dramatic results.

However, only at the end of the latter decade was the communist government replaced by a democratically elected government committed to comprehensive reform, involving liberalisation of prices, extensive privatisation, and related policies.

Enterprises across the formerly state-subsidised economy haemorrhaged jobs as they struggled to adapt to the market environment, and the liberalisation of prices in January 1992 and adjustment of the exchange rate revealed the fundamental weakness of the rouble, with the result that many Russians found the value of their savings simply wiped out.