The German Loan to the USSR in Bilateral Negotiations and from the Position of the Western Powers
Journal: Izvestia of Smolensk State University
Year: 2023

The early 1920s was a period of restoration of the states that had participated in the First World War. In Soviet Russia, this process took place within the framework of the New Economic Policy, which required, among other things, investing foreign capital. After the October Revolution of 1917, the Soviet government cancelled the debts of the tsarist and provisional governments. The discussion of debts between Soviet Russia and Entente countries did not lead to a mutually acceptable solution. Ge