Career
Gaidar graduated with honors from the Moscow State University, Faculty of Economics, in 1978 and worked as a researcher in several academic institutes. A long-time member of the Communist Party of the Soviet Union and an editor of the CPSU ideological journal Communist during the perestroika, he joined Boris Yeltsin's camp during Perestroika. In 1991 he quit the Communist Party and was promoted to Yeltsin's government.
While in government, Gaidar advocated free market economic reforms according to the principle of shock therapy. His best-known decision was to abolish price regulation by the state, which immediately resulted in a major increase in prices and amounted to officially authorizing a market economy in Russia. He also cut military procurement and industrial subsidies, and reduced the budget deficit. Gaidar was the First Vice-Premier of the Russian Government and Minister of Economics from 1991 until 1992, and Minister of Finance from February 1992 until April 1992.
He was appointed Acting Prime Minister under President Boris Yeltsin in 1992 from 15 June until 14 December, when the anti-Yeltsin Russian Congress of People's Deputies refused to confirm Gaidar in this position and Viktor Chernomyrdin was eventually chosen as a compromise figure. Gaidar continued to advise the new government. On 18 September 1993, he was again appointed the First Vice-Premier under Chernomyrdin as a deliberate snub to the opposition. He had active role in the Russian constitutional crisis of 1993: on 3 October, he famously spoke live on television, calling on Muscovites to defend Yeltsin's regime. In the 1993 Duma elections, in the aftermath of the crisis, Gaidar was the leader of the pro-government bloc Russia's Choice and was seen by some as a possible future Prime Minister. However, due to the bloc's failure to win the plurality of votes in the election, Gaidar's role in the government diminished and he finally resigned on 20 January 1994.
During 1999 NATO bombing of Yugoslavia Yegor Gaidar, Boris Nemtsov and Boris Fyodorov were in Belgrade, Yugoslavia on a mediation mission.
Read more about this topic: Yegor Gaidar
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