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When Gorbachev dissolved the communist party and formed the Common Wealth of Independent States (CIS) this gave most of the Soviet Socialists states their independence but the economical relationship still existed. Russia's economy was in a state of total disarray in the mid 90's and the economy almost collapsed in the 1997 when the Russian government had to stop the trading of the rubble on the international market, when the September 11 attacks took place, the United States of America retaliated with attacking Afghanistan and this caused major changes in the world, the oil rich countries received a shock and as if Afghanistan wasn't enough the USA followed it up by attacking Iraq and hence the oil prices rocketed sky high and this is what helped Russia the most because its economy started recuperating on the back of rising oiling prices.
This was a major point because Russia is now able to repay debts before time and has since been able to throw around its weight on the political scenario that is quickly developing and evolving into a multi polar stage rather than being just uni-polar with Britain and Russia being the countries that have been able to voice their concerns and also do something to follow up with those voices. In 1994 the first Chechen war was fought and due to a lack of planning from the Russian military they had to face a lot of casualties and were demoralized very early into the war, it last 2 years and after that a peace treaty was signed.
This treaty was not able to guarantee any peace and the second Chechen war started in 1999 with Russia showing its might and bombarding the area using its air force, followed up by a ground attack and hence they were successful this time around in capturing Chechnya. In February of 2000 the Russians were finally able to capture Groznyy but the fighters of different militant groups vowed to keep up the resistance till death or freedom and this is the reason that this issue needs to be resolved and resolved quickly because this could turn into a breeding ground for terrorist organizations and once that happens it would be very difficult to have a secure Russia, that could effect the economy and the bubble might burst on the investments front if this situation is not resolved properly.
The capture of Groznyy in 2000 was a political as well as a military victory for a newly appointed president, Vladimir Putin and his stance in this issue was definitive to him being selected as the president of Russia till March of 2008.Russian Point of View: The Russian point of view on this issue is one that can be called rational and irrational both at the same time. Russia fears that if Chechnya is granted freedom then other states would also want a free state and this could refuel rebel movements that have died down in other states because then they would know that if they pursue the course that the chechnyan rebel leaders and people took then they too can have independence.
This fear of being disintegrated is a very rational one because Russia is one of the most diversified countries in the world, diversified in language, culture and ethnicity and these are very strong lines along which one can press for freedom because entire countries have been granted freedom before on the basis of religion and language. The other
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