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
Line of succession to the former Russian throne Line of succession to the former Russian throne The Monarchy of Russia was abolished in 1917 following the February Revolution, which forced Emperor Nicholas II (1868–1918) to abdicate. Claims made on behalf of different persons to be the rightful current pretender continue to be debated. Since 1992, the most widely acknowledged pretender is Maria Vladimirovna, Grand Duchess of Russia, a great-great-granddaughter in the male-line of Emperor Alexander II of Russia, having proclaimed herself the head of the imperial house upon her father's death. She also declared her son George Mikhailovich (born 1981) to be the heir-apparent. In the succession chart