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In 1988, the foreign trade bureaucracy reflected the monopoly specification system created by the 1930 Decree Number 358. Under the authority of the Communist Party of the Soviet Union (CPSU) and the Council of Ministers, six central bodies, the Ministry of Foreign Economic Relations, and numerous FTOs together planned, regulated, monitored, and carried out all Soviet foreign economic activity.
The German–Soviet Economic Agreement of 12 October 1925 formed the contractual basis for trade relations with the Soviet Union. In addition to the normal exchange of goods, German exports to the Soviet Union from the very beginning utilized a system negotiated by the Soviet Trade Mission in Berlin by which the Soviet Union was granted credits for the financing of additional orders in Germany ...
The Soviets chiefly sought to repay debts from earlier trade with raw materials, while Germany sought to rearm, and the countries signed a credit agreement in 1935. [27] In 1936, the Soviets attempted to seek closer political ties to Germany along with an additional credit agreement, which were rebuffed by Hitler, who wished to steer clear of ...
Largely self-sufficient, the Soviet Union traded little in comparison to its economic strength. However, trade with non-communist countries increased in the 1970s as the government sought to compensate gaps in domestic production with imports. In general, fuels, metals and timber were exported, while consumer goods and sometimes grain were ...
The USSR wished to gain more dominance in the Middle East, so it aggravated the Arab–Israeli conflict. However, the Soviet Union did not want a war, so it acted to pacify Israel's policy towards Syria. The USSR desired to be the sole defender of the Arab world, and so did everything in its power to increase the Arab states' dependence. [119]
The Treaty of Rapallo between Weimar Germany and Soviet Russia was signed by German Foreign Minister Walther Rathenau and his Soviet colleague Georgy Chicherin on April 16, 1922, during the Genoa Economic Conference, annulling all mutual claims, restoring full diplomatic relations, and establishing the beginnings of close trade relationships, which made Weimar Germany the main trading and ...
Large amounts of crude oil were delivered, with German documents in July 1940 already indicating that the Soviets had delivered crude oil at a rate of 150,000 tons a month for five months in 900 German tank cars exclusively reserved for it. [48] The trade pact helped Germany to surmount the British blockade of Germany. [2]
The Soviets played a decisive role in defeating the Axis powers, suffering an estimated 27 million casualties, which accounted for most Allied losses. In the aftermath of the war , the Soviet Union consolidated the territory occupied by the Red Army , forming satellite states , and undertook rapid economic development which cemented its status ...