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
Baltic Fleet during the October Revolution and Russian Civil War of the Petrograd Soviet. It also called on units to elect representatives to the Soviet and for each unit to elect a sailor/soldier committee which would run the unit. In consequence, the Baltic Fleet had over 500 ship sailor committees, 200 port and shore s and 150 coastal defense soldier committees. in April 1917, the Central Committee of the Baltic Fleet (Tsentrobalt) was formed headquartered at Helsingfors. Baltic Fleet during the October Revolution and Russian Civil War The Russian Baltic Fleet played an important role during the October Revolution and Russian Civil War. During the October Revolution the sailors of