N.E.P.

[6] The name of the band is an initialism commonly referring to the New Economic Policy adopted by Lenin's government in the 1920s.

However, there are alternative interpretations of the band's name: for example, Let this Perestroyka go to hell (Russian Нафиг Эту Перестройку).

Initially the band in its sound and image followed the leaders of Leningrad and Soviet rock music – Alisa and Televizor.

From 1993 the band's leader Sergey Parashchuk, along with musicians of DDT and Alisa, made up a supergroup named Duby Kolduny performing Soviet-era pop hits, which existed till 1996.

In a 2013 interview for the rock magazine Rocketsmusic, Sergey Parashchuk unveiled the band's current plan to record a long-awaited new album.