The first attempts to break through the financial blockade of Soviet Russia (on the example of the issue of an International labor Assistance loan)

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Abstract

The article considers an attempt by the Soviet leadership to use the capabilities of the international financial market to overcome hunger in the country. The process of developing and implementing for this purpose a bond loan of International labor Assistance to Soviet Russia among foreign proletarian organizations is described. Special attention is paid to the participation of the Comintern in the agitation and distribution of loan bonds. The difficulties of placing a loan abroad are shown. Some results of one of the first attempts to break the financial blockade by Soviet Russia have been summarized.

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About the authors

Yury P. Golitsyn

Moscow Exchange PJSC

Author for correspondence.
Email: golitsyn57@mail.ru

Cand. Sci. (Hist.), Head of the Financial Market History Department

Russian Federation, Moscow

Aleksandr S. Sokolov

Ryazan State Radio Engineering University named after V. F. Utkin

Email: falcon140770@yandex.ru
ORCID iD: 0000-0001-7163-9328
SPIN-code: 3742-1415

Dr. Sci. (Hist.), Associate Professor, Head of the department of History, philosophy and law

Russian Federation, Ryazan

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2. Fig. 1. Bond of the joint-stock company "International Labor Aid to Soviet Russia" 1922

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