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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 ...
In the Soviet Union, only by 1927 had industrial output achieved approximately the 1913 levels under the Tsarist regime, [5] but Soviet exports to Germany increased to 433 million Reichsmarks annually by 1927 after trade agreements were signed between the two countries in the mid-1920s.
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 ...
Ericson, Edward E. (1999), Feeding the German Eagle: Soviet Economic Aid to Nazi Germany, 1933–1941, Greenwood Publishing Group, ISBN 0-275-96337-3; Hehn, Paul N. (2005), A Low Dishonest Decade: The Great Powers, Eastern Europe, and the Economic Origins of World War II, 1930–1941, Continuum International Publishing Group, ISBN 0-8264-1761-2
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 ...
In trade among Comecon members, the Soviet Union usually provided raw materials, and Central and East European countries provided finished equipment and machinery. The three underdeveloped Comecon members had a special relationship with the other seven.
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.