Russgertorg

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Russgertorg (Deutsch-Russische Handels-Aktien-Gesellschaft, Российско-Германское торговое общество - Росгерторг) was a trading company that existed from October 1922 to January 1924, the main purpose of which was to supply pipes for oil transport in the Caucasus .

In Russia the importance of Lenin's foreign trade monopoly was emphatically emphasized, but the voices of those opponents who feared an excessive partitioning of their market could not be ignored. The opposite had to be proven, so that private foreign capital could also have a significant impact. The mixed companies set up for this purpose - the Soviets each secured at least 50% of the share capital - received trade concessions "with the exception of the Basic Law on the government monopoly of foreign trade". Significant among them was the German-Russian trading company with the Otto Wolff group . BS Stomonjakow , the head of the Soviet commercial agency , took over half of the shares in the Berlin company, the commercial agency sent three people to the supervisory board and made up half of the executive board with two members. The company was endowed with a registered capital of 175 million marks , Otto Wolff provided working capital of £ 750,000 and granted a loan of £ 500,000. American companies that did not want to trade directly with the Soviet Union were soon involved . For example, 10- inch pipes were supplied for the Baku - Batumi and Grozny - Tuapse oil pipelines with a total weight of 51,000 tons. After it was founded on October 9, 1922, Lenin let the German government express his “lively satisfaction with the conclusion of the Otto Wolff Treaty”, but Wolff's joy lasted until his contract was canceled in January 1924 - in a short time a fifth of Soviet imports passed through the company, which in the opinion of the councils meant that the country was too dependent.

literature

  • Antony C. Sutton : Western Technology and Soviet Economic Development 1917 to 1930. Hoover Institution on War, Revolution and Peace, Stanford University, Stanford 1968, pp. 272 ​​f. [1]

See also

Footnotes

  1. ^ A b Hubert Schneider: The Soviet foreign trade monopoly 1920-1925. Cologne 1973, pp. 89-90.
  2. ↑ a b Dittmar Dahlmann : The Otto Wolff company: from scrap iron trade to global corporation (1904 - 1929). In: Peter Danylow / Ulrich S. Soénius (ed.): Otto Wolff. A company between business and politics. Siedler Verlag, Munich 2005, p. 44.
  3. ↑ Manfred Pohl : The financing of the Russian business between the two world wars. The development of the 12 large Russian consortia. Fritz Knapp Verlag, Frankfurt am Main 1975, p. 13
  4. ^ AC Sutton: Western Technology and Soviet Economic Development 1917 to 1930. Stanford 1968, p. 33