Anglo-Soviet Trade Agreement

The Anglo-Soviet Trade Agreement was an agreement signed on 16 March 1921 to facilitate trade between the United Kingdom and the Russian Socialist Federal Soviet Republic. It was signed by Robert Horne, Chancellor of the Exchequer and Leonid Krasin, Commissar of Foreign Trade.^[1] Lenin's New Economic Policy downplayed socialism and emphasized business dealings with capitalist countries in an effort to restart the sluggish Russian economy. Britain was the first country to accept Lenin's offer of a trade agreement. It ended the British blockade, and Russian ports now were open to British ships. Both sides agreed to refrain from hostile propaganda. It amounted to de facto diplomatic recognition and opened a period of extensive trade.^[2]

^ Misha V. Glenny,"The Anglo-Soviet Trade Agreement, March 1921." Journal of Contemporary History 5.2 (1970): 63-82. Abstract
^ Christine A. White, British and American Commercial Relations with Soviet Russia, 1918-1924 (1992).

[1] Misha V. Glenny,"The Anglo-Soviet Trade Agreement, March 1921." Journal of Contemporary History 5.2 (1970): 63-82. Abstract

[2] Christine A. White, British and American Commercial Relations with Soviet Russia, 1918-1924 (1992).

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