One achievement of the Russian revolution that is often ignored is the fulfillment of a promise made by the Russian revolutionaries in 1905: that all debts contracted by the Tsarist regime that had been overthrown some eleven months earlier were cancelled.
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Russian debt repudiation, 100 years on
One achievement of the Russian revolution that is often ignored is the fulfillment of a promise made by the Russian revolutionaries in 1905: that all debts contracted by the Tsarist regime that had been overthrown some eleven months earlier were cancelled.