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During his second term (which started with a quintuple heart bypass surgery), Russia received the equivalent to 40 billion US dollars from the IMF, which were later allegedly stolen by some people of Yeltsin's circle and placed in foreign banks. However, in 1998, his government defaulted, and the ruble collapsed. All these crises, along with lack of international support (and US opposition) regarding Chechnya, caused him to do a surprise resignation in the last day of the last month of 1999. A few months before, he had survived another attempt of impeachment, and fired his prime minister Sergei Stepashin, and appointed UsefulNotes/VladimirPutin, who would succeed him.
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During his second term (which started with a quintuple heart bypass heart surgery), Russia received the equivalent to of 40 billion US dollars from the IMF, which were was later allegedly stolen by some people of in Yeltsin's circle and placed in foreign banks. However, in 1998, his government defaulted, and the ruble collapsed. All these crises, along with lack of international support (and US opposition) regarding Chechnya, caused him to do turn in a surprise resignation in on the last day of the last month of 1999. A few months before, he had survived another attempt of impeachment, and fired his prime minister Sergei Stepashin, and appointed UsefulNotes/VladimirPutin, who would succeed him.
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Originally a supporter of UsefulNotes/MikhailGorbachev, he became then one of Gorbachev's most powerful political opponents during and after the Perestroika. He was elected to the newly created post of President of the Russian Soviet Federative Socialist Republic (SFSR), which was one of the constituent republics of the Soviet Union. After the resignation of Gorbachev and the dissolution of the Soviet Union, he kept his job as President, now of the Russian Federation.
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Originally a supporter of UsefulNotes/MikhailGorbachev, he became then one of Gorbachev's most powerful political opponents during and after the Perestroika. He was elected to the newly created post of President of the Russian Soviet Federative Socialist Republic (SFSR), which was one of the constituent republics of the [[UsefulNotes/SovietRussiaUkraineAndSoOn Soviet Union.Union]]. After the resignation of Gorbachev and the dissolution of the Soviet Union, he kept his job as President, now of the Russian Federation.
