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The leadership of Boris Yeltsin's Russia aimed to transition the country from a centrally planned economy to a market-oriented economy, embracing democratic reforms and greater political freedoms. This period was marked by significant efforts to privatize state-owned enterprises and encourage foreign investment. Yeltsin's administration also sought to establish a democratic political framework, though it faced challenges such as economic turmoil, social unrest, and resistance from hardline factions. Ultimately, these efforts were met with mixed results, leading to both significant progress and considerable instability.

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