How did privatization affect Russian society?

discouraged foreign investment

reduced income inequality between social classes

increased unemployment

enabled the government to pay down foreign debt

The correct answer is C. Increased Unemployment

The correct option is C increased unemployment

Russian privatization led to what has been called the largest collapse of an industrial society in peace time. The oligarch who bought lucrative industries at no cost at all fearing future governments stripped the enterprises instead of building them up thus resulting to loss of employment and a major outcry.