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         In  up given article the economic crisis in Russia which has occurred in 1998 is described. It was accompanied economic slump on the stock market, devaluation of the ruble, and default on foreign debt by banks. The anatomy of the financial crisis consists of three causes, one of them is a drop in world oil prices.  Participation of the World Bank in an economic crisis of Russia and supply of such countries with emerging economies with specialists, teaching how to act themselves in critical situations. The worst thing is that the economic crisis entailed the political crisis.. So it was not a failure of market economy itself but of a present inefficient and weak government too.

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