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Abstract

In the first six months of 1999 the Russian Federation government instituted a wide range of policies related to fixing the Year 2000 Problem, culminating in an attempt to pass a Y2K Law, a Presidential Decree, and other governmental actions. Many systems are not expected to be fully remediated in time. Drawing extensively on Russian sources, this paper outlines the evolution of government policies, gives an overview of the state of Y2K remediation as of July 1999, and outlines the key provisions of the government's policies. It is concluded that the Russian government's largely administrative approach to solving the Y2K problem is fairly ineffective and may lead to wider ranging consequences for the economic system as a whole.

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