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
Annexation of Crimea by the Russian Federation Annexation of Crimea by the Russian Federation The Crimean peninsula was annexed from Ukraine by the Russian Federation in February–March 2014 and since then has been administered as two Russian federal subjects—the Republic of Crimea and the federal city of Sevastopol. The annexation was accompanied by a military intervention by Russia in Crimea that took place in the aftermath of the 2014 Ukrainian revolution and was part of wider unrest across southern and eastern Ukraine. On 22–23 February 2014, Russian President Vladimir Putin convened an all-night meeting with security service chiefs to discuss the extrication of deposed Ukrainian President, Viktor