Commonwealth of Independent States Faces Economic Woes

Article abstract: Following the dissolution of the Soviet Union, the fragile Commonwealth of Independent States (CIS) teetered on the brink of economic disaster.

Dire Straits

The spring of 1992 witnessed troubled times for the recently formed Commonwealth of Independent States (CIS), the confederation of countries which had made up the old Soviet Union. The CIS, consisting of only eleven of the republics of the defunct Soviet Union, had to organize new relations with the unaffiliated republics as well as the rest of the world on an individual and...

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