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
Russian Constitution of 1906 the resulting Third and Fourth Dumas proved more lasting, they still quarreled with the Tsar and his government over the general direction of state policy, and over the fundamental nature of the Russian state. Ultimately, with the outbreak of the Russian Revolution of 1917, the Duma took a leading role in bringing about the Tsar's abdication, which led in turn to the abolition of the monarchy and the ascent to power of the Russian Provisional Government under Kerensky. Prior to the enactment of the 1906 Russian constitution, the Russian Empire had been an absolute monarchy, ruled by an autocratic emperor,