In 1989 the Soviet Union proceeded towards a democratic setup. The first-ever multi-candidate elections for a new super parliament were held. Boris Yeltsin, an opponent of Gorbachev emerged victorious. USSR faced a downward trend in the economic situation. Political stability was disturbed due to ethnic violence at Azerbaijan and Armenia. Gorbachev was unable to prevent the states from declaring their sovereignty and Independence one after the other.
Boris Yeltsin, the President of Russia emerged as the Centre of power. The Baltic States and other republics broke away and claimed their sovereignty. On December 25th 1991, USSR was officially dissolved. Later in 1992, George Bush (Sr.), the President of America and Boris Yeltsin met and ended the cold war.
