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This book examines history of Russian finances in the period of Russia's transition from communism to capitalism in the 1990s and in the current decade. It focuses on obstacles to market reforms and macroeconomic policy choices that resulted in the state debt expansion and the financial crisis of 1998.

Andrey Vavilov looks back on his unique experience at the side of Leonid Brezhnev and Richard Nixon, Cold War rivals who became architects of detente. He provides a personal view as a direct participant of US-USSR super power summit conferences of the 1970s, where the he took notes and interpreted for Soviet leaders in their secret discussions with Richard Nixon and Henry Kissinger, and later with Gerald Ford and Jimmy Carter. "Nixon's Comrades" draws on the author's notes, recollections and private sources. An expert in transcribing diplomatic history, the author analyzes the gravitational...