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The Official Dissolution of the Soviet Union and the Collapse of Central Finance

1991.12.25 ·Verified ·Importance V ·Sources 2 ·Soviet Union

Yeltsin took control of Russia to halt tax remittances to the center and seized central financial institutions, causing the Soviet central fiscal deficit to skyrocket. On December 25, Gorbachev handed over the nuclear briefcase, and the Soviet Union officially dissolved.

The Collapse of the Soviet Union and Its Disappearance from the World Map

1991.12.25 ·Verified ·Importance IV ·Sources 2 ·Russia

The once arrogant Soviet Union declared its dissolution two years after the upheavals in Eastern Europe. In the course of its transition, the lack of mature institutions allowed state-owned wealth to fall into the hands of a few oligarchs.

The August 19 Coup in the Soviet Union Fails

1991.08.19 ·Verified ·Importance IV ·Sources 2 ·Soviet Union

Hardliners in the Communist Party of the Soviet Union formed a State Emergency Committee to launch a coup; the KGB's elite Alpha Group refused orders to remove Yeltsin, and the coup collapsed within 3 days.

The Soviet Union Decentralized Autonomy Through the State Enterprise Law

1987.06.30 ·Verified ·Importance III ·Sources 2 ·Soviet Union

The Soviet Union passed the State Enterprise Law, delegating financial and production autonomy to factories. Factory directors were allowed to retain profits and determine production, but the lack of clear property rights opened a loophole for subsequent asset siphoning.

In 1964, Malinovsky told He Long that the Soviet Union had ousted Khrushchev and China should also oust Mao Zedong

1964 ·Reported ·Importance IV ·Sources 1 ·Moscow

After Khrushchev was overthrown in 1964, Zhou Enlai and He Long went to Moscow to explore reconciliation. Soviet Defense Minister Malinovsky told He Long that the Soviets had gotten rid of Khrushchev, and the Chinese should also get rid of Mao Zedong. Mao Zedong was deeply shocked upon hearing this, and this incident had a profound impact on the history of the Chinese Communist Party.

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