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
Military history of the Russian Empire internal problems, including the revolution of 1905, Russia sued for peace as the war concluded with the Treaty of Portsmouth. "See main article on World War I, also see Eastern Front (World War I) and Caucasus Campaign " "See main article on Russian Revolution of 1917" Military history of the Russian Empire The military history of the Russian Empire encompasses the history of armed conflict in which the Russian Empire participated. This history stretches from its creation in 1721 by Peter the Great, until the Russian Revolution (1917), which led to the establishment of the Soviet Union. Much of the