Office of the Historian

Decree of the Soviet government repudiating all foreign state loans, February 3, 1918: Protest by the Diplomatic Corps at Petrograd; resolution of the Inter-Allied Council—Measures interfering with banking—Decree requiring registration of all securities, April 20, 1918—Assumption of the service of the Russian debt by the British Government; use of bank balances and receipts for this purpose by the Russian Embassy in the United States—Discontinuance of payments by the British Government; impounding of Russian assets—Postponement of interest due to the American Government; continuance of payment on bonds held by private investors