That is, PoD can only be after August 19, 1991 or October 28 (the beginning of the second stage of the 5th Congress of People's Deputies of Russia, when it adopted a program of radical reforms and gave Yeltsin extraordinary powers). This determines several problems that cannot be avoided without the ASB.
Most importantly, a large-scale economic recession of more than 30% was predetermined by the structural and monetary policy of the USSR since at least 1965. I read the documents of the Soviet government, where both the scale of the economic recession and the direction of the restructuring of the economy with the decline of high-tech and manufacturing industries with an increase in the share of mining and primary processing of raw materials are predicted quite accurately. Unfortunately, by August 1991, the possibilities to mitigate the fall had already been exhausted due to the unwillingness of the Soviet leadership, and primarily Gorbachev and Ryzhkov, to take unpopular measures.
to emulate Czechia's successful post-Communist economic transition, instead of the OTL version, with the Oligarchs everywhere?
The Czechia was in a better economic position than Russia and was more loyal to foreign capital.
The privatization of state property and the creation of oligarchs were necessary. The only alternative to this was the preservation of enterprises in the hands of "red directors" who, with the help of various schemes, seized money from state enterprises in their favor, turning them into ruins. Ukrainian President Kuchma writes about this directly in his memoirs.
I could see Russia keeping Belarus, Armenia and the Central Asian states as republics of the Russian Federation (or whatever it ends up being called ITTL). Maybe Ukraine. Possibly Abkhazia and South Ossetia as well, if not all of Georgia. IDK about Azerbaijan.
No one in Russia wanted to pay the bills of Uzbeks or Georgians, and financing their ineffective economies at the expense of Russia was one of the main sins of the Soviet regime from the point of view of Russian citizens. IOTL any form of post-Soviet federation was buried when Yeltsin realized that Ukraine didn't want to join it and Russia would have to finance the USS alone. The (con)federation including of Russia, Ukraine, Belarus and Kazakhstan made sense, but this required an agreement with Ukraine, and the Ukrainian communist elites chose independence after the GKChP.
In 1993 ousting Yeltsin, would have seen Alexander Rutskoy as the President of Russia. Not exactly a stellar president, but far better and more competent than Yeltsin.
The opinion about the greater competence of Rutskoy is very controversial, to put it mildly. Rutskoy was weak as governor of Kursk later.
Yeltsin as a politician was an order of magnitude higher than Rutskoy and Khasbulatov. Level of Yeltsin as a politician was an order of magnitude bigger than Rutskoy and Khasbulatov. And if Yeltsin dies in the summer of 1993, this will not solve the problems of the constitutional system and the preservation of the federation, for which it was necessary to shoot at the White House and adopt a new constitution. The conflict between the new President Rutskoy and Khasbulatov is inevitable and most likely Khasbulotov will become the winner, since he had the opportunity to call early elections and change the constitution through the Congress
He had ideas of scaling down the level of privatization and creating a slower process of privatization, which could have very well totally deflected the Russian financial crisis of 1998 if done properly 5 years earlier.
The slowdown in privatization was not a solution to the problems of the Russian economy, as I wrote earlier, and this didn't contribute to solving the fiscal problems that led to the 1998 crisis
As a former military man, he knew the consequences of Chechnya seceding, and about how using brutal tactics would not work
Rutskoy was a hawk and a hardliner against everything that moves. This is evidenced by both his speeches and other sources. If he was in power, I would be more worried about the "small victorious war" in Crimea.
Yavlinsky never had a chance to become president of Russia because he didn't have the opportunity to become popular among the broad strata of the Russian population.
1998 financial crisis, however it will quieten the effects by a good deal.
I don't see a person among the CPRF who is capable of pursuing tough fiscal and financial policies. IOTL communists recognized the importance of hard budget constraints only when Russia had no other choice after default.
Conduct Yavlinsky's 500 Days Program
This requires a different Gorbachev, and a different Gorbachev has been pursuing a better economic policy since 1988.
My steps towards a better Russia after August 18, 1991
1) The head of Chechen-Ingushetia, Zavgaev, takes an anti-coup stance during the GKChP. This prevents the 1991 Chechen revolution and Chechen-Ingushetia remains one of the many Russian regions where the post-communist nomenclature remains in power. Dudayev doesn't receive power and becomes the Chechen Musa Shanibov. Chechnya will be turbulent in the first half of the 1990s, but nothing that the local police and the Internal Troops cannot handle
2) Premier. The best candidate at the end of 1991 was former (and future) Finance Minister Boris Fedorov. He took a tough stance in the area of monetary and budgetary policy and, unlike Gaidar, was more consistent in his policy. If Fedorov cannot be passed through parliament as prime minister, then he must be the head of the Central Bank in order to balance the possible emission desires of the Government and parliament
3) No currency corridor. Russian industry was already showing signs of growth at the end of 1994, but the appreciation of the ruble relative to its purchasing power made it uncompetitive.
4) The ideal version of industrial policy is to abandon massive concessional lending in exchange for a protectionist tariff. This will not close the Russian market from import competition, but will give Russian industry time and motivatiom to modernize.
5) The fight against the mafia should be more active, but I am not sure which of the possible candidates for the Ministry of Internal Affairs will better cope with this