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
Ranks and insignia of the Russian armed forces until 1917 Ranks and insignia of the Russian armed forces until 1917 The Imperial Russian Army () and the Imperial Russian Navy () used ranks and rank insignia derived from the German model. However, the entire rank system was also closely connected to the Russian military traditions. In the aftermath of the Russian Revolution, the Red Army abolished the entire Imperial system of ranks and rank insignia, while military units and formations of the opposing White movement retained the Imperial rank system until 1923. The following ranks and their respective insignia were also used by the personnel of the Imperial Russian Air