Foreign concessions in the

Soviet Union The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet ...

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), previously known as the Russian Socialist Federative Soviet Republic and the Russian Soviet Republic, and unofficially as Soviet Russia,Declaration of Rights of the labo ...

and later the Soviet Union. While some of the investment contracts were concluded long-term, the 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 Council of People's Commissars (CPC) (), commonly known as the ''Sovnarkom'' (), were the highest executive authorities of the Russian Soviet Federative Socialist Republic (RSFSR), the Soviet Union (USSR), and the Soviet republics from 1917 ...

. 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