Foreign concessions in the USSR

Foreign concessions in the Soviet Union were enterprises (commercial, industrial, mining, etc.) with full and partial foreign capital. They existed since 1920 (in the RSFSR and later the Soviet Union). While some of the investment contracts were concluded long-term, vast majority of them were discontinued and even unilaterally terminated by the Soviet Union by mid-1930s according to the December 27, 1930, decree of Sovnarkom. The last concession contract was concluded in 1930. Foreign investments were replaced with work contracts concluded with western companies and professionals.[1]

The concessions were controlled by the Main Concession Committee at the USSR Sovnarkom (Glavkoncesskom).

References

  1. ↑ Кунин В. "Концессионная политика в Советской России (1923—1929 гг.) Вестник Московского ун-та. Сер. 6. Экономика. 1993. № 5. С. 25, 27 (in Russian)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.