German–Soviet Credit Agreement (1939)

The German -Soviet economic agreement on Soviet raw material deliveries to the German Reich was negotiated on 19 August 1939 as a precursor to the Molotov -Ribbentrop Pact between Vyacheslav Molotov and Joachim von Ribbentrop.

After the joint occupation of Poland, a German - Soviet Border and Friendship Treaty was concluded on 28 September.

The economic agreement has been revised twice, on 11 February 1940 and on 10 January 1941.

Content

With 200 million Reichsmark Golddiskontbank funded to only 5% interest Soviet orders for machines, goods and currencies. In return, the Soviet Union provided large amounts of raw materials, total

In addition, the Soviet Union acted as a transit country for key commodities, especially Asia.

Impact

In principle, thus the economic way for Hitler to go to war without the impact of a renewed naval blockade to fear, which resulted in the First World War the German defeat in 1919 forced the approval of the Treaty of Versailles.

The contract was fulfilled by both sides, until the invasion of the Soviet Union in 1941.