Which of the following statements is correct?

a- In December 1991, under the leadership of Yeltsin, Russia, Ukraine and Belarus, three major republics of the USSR, declared that the Soviet Union was disbanded.
b- Capitalism and Monarchy were adopted as the bases for the post-Soviet republics.

Only statement a is correct.

Correct Statement b- Capitalism and democracy were adopted as the bases for the post-Soviet republics.