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It was the government's need to finance its budget deficit that stimulated the progress of the Russian financial system. [citation needed] In 1913, foreign investors held 49.7% of Russian government debt and owned nearly 100% of all petroleum fields, 90% of mines, 50% of chemicals and 40% of metallurgical industries.
The Provisional Government's chief adversary on the left was the Petrograd Soviet, a Communist committee then taking over and ruling Russia's most important port city, which tentatively cooperated with the government at first, but then gradually gained control of the Imperial Army, local factories, and the Russian Railway. [6]
The Russian State [b] (Russian: Россійское Государство, romanized: Rossiyskoye Gosudarstvo) was a White Army anti-Bolshevik state proclaimed by the Act of the Ufa State Conference of September 23, 1918 (the Constitution of the Provisional All-Russian Government), “On the formation of the all-Russian supreme power” in the name of “restoring state unity and ...
The Milyukov note was a telegram, drafted by Foreign Minister Pavel Milyukov on behalf of the Russian Provisional Government in April 1917, important in the April Crisis period between the February Revolution and later October Revolution in Russian history.
The order was highly controversial. Leon Trotsky may have called it "the only worthy document of February Revolution," [7] but others have seen the measure as an effort to prevent continuation of Russia's war effort by crippling the government's control of the military, or even as part of a plot by the Bolsheviks to undermine the Provisional Government.
Siluanov said Russia's external liabilities amount to about 20% of the total public debt, which stood at about 21 trillion roubles ($261.7 billion). Of that, about 4.5-4.7 trillion roubles were ...
Prince Georgy Yevgenyevich Lvov [b] (2 November [O.S. 21 October] 1861 – 7/8 March 1925) was a Russian aristocrat, statesman and the first prime minister of the Russian Republic from 15 March to 20 July 1917. As Russia's de facto head of state, he led the Provisional Government after the February Revolution led to the suspension of the ...
The Moscow daily Rossiyskaya Gazeta called it a “panic attack for Russia’s currency market.” Finance minister Anton Siluanov argued the plunge will benefit exporters, whose goods are ...