Foreign concessions in the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...

were enterprises (commercial, industrial, mining, etc.) with full and partial foreign capital. They existed since 1920 (in the

RSFSR The Russian Soviet Federative Socialist Republic, Russian SFSR or RSFSR ( rus, Российская Советская Федеративная Социалистическая Республика, Rossíyskaya Sovétskaya Federatívnaya Soci ...

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 Councils of People's Commissars (SNK; russian: Совет народных комиссаров (СНК), ''Sovet narodnykh kommissarov''), commonly known as the ''Sovnarkom'' (Совнарком), were the highest executive authorities of ...

. The last concession contract was concluded in 1930. Foreign investments were replaced with work contracts concluded with western companies and professionals.Кунин В. "Концессионная политика в Советской России (1923—1929 гг.) Вестник Московского ун-та. Сер. 6. Экономика. 1993. № 5. С. 25, 27 The concessions were controlled by the Main Concession Committee at the USSR

(Glavkoncesskom).

References

Literature

* ''Antony C. Sutton'', Western Technology and Soviet Economic Development. Hoover Institution Press, 1971, vol. 1 — 1917—1930, vol. 2 — 1930—1945 {{soviet-stub Economy of the Soviet Union Economy of Russia