Search results
Results from the WOW.Com Content Network
The Soviet Union formed the Council for Mutual Economic Assistance (Comecon) in 1949, in part to discourage the countries of Eastern Europe from participating in the Marshall Plan and to counteract trade boycotts imposed after World War II by the United States and by Britain and other West European countries. Ostensibly, Comecon was organized ...
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 ...
Even with vastly decreased trade between the countries, Germany was still among the top three importer nations for the Soviet Union and supplied between one third and two thirds of Soviet machine tool imports vital for industrialization. [44] Trade continued on the basis of short term clearing agreements. [44]
The Soviet Union emerged from World War II devastated in human and economic terms, but much enlarged in area. Militarily it was one of the two major world powers, a position maintained for four decades through its hegemony in Eastern Europe, military strength, involvement in many countries through local communist parties, and scientific ...
On February 11, 1940, Germany and the Soviet Union entered into the German–Soviet Commercial Agreement, an intricate trade pact in which the Soviet Union would send Germany 650 million Reichsmark in raw materials in exchange for 650 million Reichsmark in machinery, manufactured goods and technology.
During the summer of 1939, after it had conducted negotiations with a British-French alliance and with Germany regarding potential military and political agreements, [16] the Soviet Union chose Germany, which resulted in an August 19 German–Soviet Commercial Agreement providing for the trade of certain German military and civilian equipment in exchange for Soviet raw materials.
On 23 August 1939, the Soviet Union signed a non-aggression pact with Germany which included a secret protocol that divided Eastern Europe into German and Soviet spheres of influence, anticipating potential "territorial and political rearrangements" of these countries. [2] Germany invaded Poland on 1 September 1939, starting World War II.
The trade relations ended when Germany began Operation Barbarossa and invaded the Soviet Union on June 22, 1941. [74] The various items that the USSR had sent to Germany from 1939 to 1941 in significant amount, could be substituted or obtained by increased imports from other countries. [75]