Export Association East

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The Export Association Ost GmbH was a consortium of 45 larger German companies. It came about when at the beginning of 1925, on the initiative of Deutsche Bank - later supported by Dresdner Bank and Bankhaus Mendelssohn - 15 companies came together to organize funds for bridging longer-term payment terms and to do business with the Soviet foreign trade monopoly better cut off coordinated approach.

The companies involved included Stinnes , Wolff , Krupp and Siemens-Schuckert . The establishment fell in the final phase of negotiations on the Moscow Treaty . If the German side was unable to comply with the Soviet wish for a government loan, an alternative to the granting of loans arose with the Export Association of the East . 100 million Reichsmarks could be made available for loans with relatively short terms. The provision of longer-term loans, which could also be used by small and medium-sized companies, only came about in the following year through the establishment of Industriefinanzierungs-Aktiengesellschaft Ost (IFAGO).

literature

  • Manfred Pohl : Business and Politics. German-Russian / Soviet economic relations 1850-1988. v. Hase & Koehler Verlag, Mainz 1988
  • Gerald D. Feldman : Deutsche Bank from World War I to the Great Depression. 1914 -1933 . In: Lothar Gall (Ed.): The Deutsche Bank: 1870–1995 . Beck, Munich 1995, ISBN 3-406-38945-7 , pp. 250 .