In economics, shock therapy is a group of policies intended to be implemented simultaneously in order to liberalize an economy, including liberalization of all prices, privatization, trade liberalization, and stabilization via tight monetary policies and fiscal policies. In the case of post-communist states, it was implemented in order to transition from a planned economy to a market economy. More recently, it has been implemented in Argentina by the administration of Javier Milei.
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Within Russian political parties, liberal parties advocate the expansion of political and civil freedoms and mostly oppose Russian president Vladimir Putin. In Russia, the term "liberal" can refer to wide range of politicians, from the centre-right and proponents of shock therapy to left-liberals and progressives. The term "liberal democrats" is often used for members of the far-right nationalist Liberal Democratic Party of Russia. There are Russian opposition and pro-government liberal political parties in Russia. Pro-government liberal politicians support Putin's policy in economics.
There are no liberal factions in Russian parliament at the moment. Centre-left liberalism was represented in the State Duma of Russian parliament by the Russian United Democratic Party "Yabloko" (7.86% in 1993 election, 6.89% in 1995, 5.93% in 1999). Pro-government liberalism was represented by the Our Home – Russia (10.13% in 1995 election), the liberal political party founded by Prime Minister Viktor Chernomyrdin. Centre-right liberalism was represented by the pro-capitalist party Democratic Choice of Russia (15.51% in 1993) and its successor, the Union of Right Forces (8.52% in 1999 election).Yabloko and the Republican Party of Russia – People's Freedom Party are members of Alliance of Liberals and Democrats for Europe Party. Yabloko is also a member of Liberal International. Since Vladimir Putin's rise to power in 2000, many liberal parties and politicians have been persecuted.