Research Article

Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic

Number: 7 June 30, 2022
EN TR RU

Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic

Abstract

The purpose of this article is to introduce and examine the story of Russotürk, which was established as a venture capital company that was established in 1924 with the collaboration of the Soviet Union and Turkey in Istanbul. Russotürk helped the Soviet Union during the 1920s to overcome the obstacles that were put on export goods in the foreign trade of the Russians as it was a joint-stock company. One of the most important tasks undertaken by the company is to promote and increase the export of Soviet goods in the Middle East and Balkan countries such as Turkey, Egypt, Syria, Palestine, and Greece, in which the Soviet Trade Representatives were not allowed to operate. Russotürk, which was trying to attract the attention of the Turkish bourgeoisie, could not prevent the company, with which they were dealing joint business Karadeniz firm, to become partners with White Russians. Thus, the White Russians were effective in the foreign trade of the Soviets until Russotürk was liquidated. Selling Soviet export goods below the average world prices and issuing import licenses in return are among the most criticized issues that the company encountered. Russotürk constantly competed with Arcos and other Soviet economic institutions. The most obvious indication of this competitive situation was the sales of the Soviet agricultural tools in the Turkish market. The founding officials of Russotürk, which had eventful and nontrivial establishment and closure, were tried in the Soviet courts. Russotürk completed its duty and ended its existence when 1927 trade agreement was signed among the Soviet Union and Turkey.

Keywords

References

  1. Bakar, B. Esir Şehrin Misafirleri: Beyaz Ruslar, İstanbul: Tarihçi Kitabevi, 2012.
  2. Bakulin, S. and Muşistin, D., Vneshnaya Torgovliya SSSR za 20 let 1918-1937 Statisticheskiy Spravochnik, Moskva: Mejdunoradnaya Kniga, 1939.
  3. Ball, A. The Cambridge History of Russia Volume 3, Ronald Grigor Suny (ed.), England: Cambridge University Press, 2006.
  4. Ball, A. Russia's Last Capitalists- The Nepmen 1921-1929, England: University Of California Press, 1987.
  5. Baykov, A. Soviet Foreign Trade, Princeton: Princeton University Press, 1946.
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  7. Bilgiç, E. ''Soviet Cement Export To Turkey In The Early Republican Period'', HÜTAD, 32, (2020):39-58.
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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Publication Date

June 30, 2022

Submission Date

May 15, 2022

Acceptance Date

June 8, 2022

Published in Issue

Year 2022 Number: 7

APA
Bilgiç, E. (2022). Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic. Rusya Araştırmaları Dergisi, 7, 67-94. https://doi.org/10.48068/rusad.1117085
AMA
1.Bilgiç E. Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic. Rusya Araştırmaları Dergisi. 2022;(7):67-94. doi:10.48068/rusad.1117085
Chicago
Bilgiç, Erdal. 2022. “Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic”. Rusya Araştırmaları Dergisi, nos. 7: 67-94. https://doi.org/10.48068/rusad.1117085.
EndNote
Bilgiç E (June 1, 2022) Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic. Rusya Araştırmaları Dergisi 7 67–94.
IEEE
[1]E. Bilgiç, “Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic”, Rusya Araştırmaları Dergisi, no. 7, pp. 67–94, June 2022, doi: 10.48068/rusad.1117085.
ISNAD
Bilgiç, Erdal. “Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic”. Rusya Araştırmaları Dergisi. 7 (June 1, 2022): 67-94. https://doi.org/10.48068/rusad.1117085.
JAMA
1.Bilgiç E. Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic. Rusya Araştırmaları Dergisi. 2022;:67–94.
MLA
Bilgiç, Erdal. “Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic”. Rusya Araştırmaları Dergisi, no. 7, June 2022, pp. 67-94, doi:10.48068/rusad.1117085.
Vancouver
1.Erdal Bilgiç. Russotürk: Soviet Foreign Investment and the Social History of the Early Turkish Republic. Rusya Araştırmaları Dergisi. 2022 Jun. 1;(7):67-94. doi:10.48068/rusad.1117085