Amtorg Trading Corporation
The Amtorg Trading Corporation, also known as Amtorg (short for Amerikanskaja torgovlja ), was founded in 1924 in the U.S. and there represented the interests of the Soviet foreign trade monopoly. Even after a Trade Council had an office in the Soviet Embassy in Washington based, used the USSR Amtorgs services for the bulk of its U.S. trade and consultant activities.
Due to technological requirements adopted for the Soviet Union in the 1920s, the U.S. trade an important position and took place despite a basically anti -Soviet position of the United States who were waiting with a diplomatic recognition until 1933, and even then a Soviet Agents did not want to give the desired diplomatic status - they did not come off accordingly. In previous years, was, with the exception of the United States, the Soviet trade monopoly of State to prosecute for recognized by all major countries. However, the economic relations developed even without government -sponsored or other secured loans, as they were common in Germany.
Amtorg changed its name to New York, the largest shareholder was the Bank for Foreign Trade of the USSR, and the remaining shares were Centrosoyuz ( Central Union of Consumer Cooperatives ) and two -employee Soviet citizens. The business purpose was to bring American companies in contact with the appropriate Union foreign trade associations and to explain the procedures in Soviet foreign trade. For such trade associations Amtorg never closed frequently contracts, but in his own name.