The Russian Presidency of Boris Yeltsin, was the executive branch of the federal government of the Russian Federation from June 12, 1991 to December 31, 1999. Yeltsin was the first Russian president, and during his presidency, the country has suffered from a widespread corruption, and as a result of persistent low oil and commodity prices during the 1990s, Russia suffered inflation, economic collapse and enormous political and social problems that affected Russia and the other former states of the USSR. Within a few years of his presidency, many of Yeltsin's initial supporters had started to criticize his leadership, and Vice President Alexander Rutskoy even denounced the reforms as "economic genocide".