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
Union of the Russian People organisation into several smaller entities, which were in constant conflict with each other: Union of Archangel Michael (), Union of the Russian People (), Dubrovin’s All-Russian Union of the Russian People in Petersburg (), etc. After the February Revolution of 1917, all of the Black-Hundredist organisations were forcefully dissolved and banned. Soon after the February Revolution of 1917, the URP was suspended and its leader Alexander Dubrovin was arrested. The supreme body of URP was called the Main Council (). Its chairman Alexander Dubrovin had two deputies: noble landowner and future Duma Deputy Vladimir Purishkevich and engineer A. I. Trishatny.