House of Romanov (1881–1894), and Nicholas II (1894–1917). Constantine Pavlovich and Michael Alexandrovich, both morganatically married, are occasionally counted among Russia's emperors by historians who observe that the Russian monarchy did not legally permit interregnums. But neither was crowned and both actively declined the throne. The February Revolution of 1917 resulted in the abdication of Nicholas II in favor of his brother Grand Duke Michael Alexandrovich. The latter declined to accept imperial authority save to delegate it to the Provisional Government pending a future democratic referendum, effectively terminating the Romanov dynasty's rule over Russia. After the February Revolution, Nicholas II and his family
Repudiation of debt at the Russian Revolution Repudiation of debt at the Russian Revolution In February 1918, after the Russian Revolution, the repudiation of the debt by the Soviet government shocked international finance and triggered unanimous condemnation by the governments of the great powers. The British, and especially the French, had lost millions of pounds of foreign investment in Russia. The revolutionary Russia completely fell out of the world economy and sealed itself up in isolation, which would not be disturbed until the need to fight with others nations arose during the Second World War. In the early 19th century, the Russian Empire turned to the public