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
Restoration of the Russian monarchy Restoration of the Russian monarchy A restoration of the Russian monarchy is a hypothetical event in which the Russian monarchy, which has been non-existent since the abdication of the reigning Nicholas II in 1917 and the massacre of him and the rest of his closest family in 1918, is reinstated in today's Russian Federation. The only party as of today which advocates such a restoration is the Monarchist Party. Most proposals for the restoration of the monarchy envision the return to be to a constitutional role. A study conducted by the All-Russian Center for Public Opinion showed that almost one