"General dissatisfaction": how the system of privatization checks was created in Russia
2022-08-14T13:09:08.250Z
On August 14, 1992, Russian President Boris Yeltsin signed a decree "On the introduction of a system of privatization checks in the Russian Federation." As a result of its implementation, more than half of the assets of former state-owned enterprises in the country passed into private ownership. At the same time, many Russians lost their checks: they invested them in unprofitable enterprises, sold them much cheaper than their real value, or simply became victims of fraudsters.
Source: russiart