Repudiation of debt at the Russian Revolution II, the last Emperor of Russia, was forced to sign his abdication and the end of the Russian Imperial Government and of the Romanov dynasty. The new government decided to continue the war, which meant more military spending. To increase budget revenues, a state monopoly was introduced on the sales of sugar, tea, matches, tobacco, and other consumer products. Still, the printing press remained the main source of revenues. This was a period of hyperinflation. The Provisional government was overthrown on October 24, 1917, and the Soviet government was created. The amounts of payments in default were enormous. Russian debt
1917–18 Local Council of the Russian Orthodox Church from August 1917 until mid-September 1918, mainly in the Moscow Diocesan House in Likhov Lane in Moscow. The Council coincided with important events in Russian history such as the continuation of the war with Germany, the Kornilov affair in August 1917, the proclamation of the Republic in Russia (1 September 1917), the fall of the Provisional Government and the October Revolution, the dispersal of the Constituent Assembly, the publication of the Decree on the separation of church and state and the beginning of the Civil War. Cathedral made the statement in response to some of these events. Bolsheviks, whose actions