German-Soviet Commercial Agreement
| German-Soviet Commercial Agreement | |
|---|---|
| Signed | February 11, 1940 |
| Location | Moscow, Union of Soviet Socialist Republics |
| Signatories |
 Union of Soviet Socialist Republics Greater German Reich
|
| Languages | German, Russian |
The 1940 German-Soviet Commercial Agreement (also known as Economic Agreement of February 11, 1940, Between the German Reich and the Union of Soviet Socialist Republics) was an economic arrangement between the Soviet Union and Nazi Germany signed on February 11, 1940 by which the Soviet Union agreed in period from February 11, 1940 to February 11, 1941, in addition to the deliveries under German–Soviet Commercial Agreement, signed on August 19, 1939 deliver the commodities (oil, raw materials and grain) to the value of 420 to 430 million Reichsmarks. In the period February 11, 1941, to August 11, 1941, there shall be delivered to Germany, likewise in addition to the deliveries provided for in the Credit Agreement of August 19, 1939, commodities to the value of 220 to 230 million Reichsmarks. In payment for the Soviet deliveries, Germany shall supply an own products (war ; machinery and technologies; raw materials).
Secret amendments to the Agreement suggest a parties negotiations in regards to the purchase by the Soviet Union of metals and other goods in third countries and to the sale of these metals and goods to Germany. A policy of the transit through Soviet territory of a third countries commodities purchased by Germany was later agreed. The countries followed up the agreement and resolved other issues with the January 10, 1941 German–Soviet Border and Commercial Agreement.
In June 1941, Germany invaded the Soviet Union in violation of the Molotov–Ribbentrop Pact, and all economic agreements between the two countries were ended.
Between January 1940 and date of the German invasion, the total Soviet export to the Germany estimated at 597.9 million Reichsmarks. The German deliveries accounted as 437.1 million Reichsmarks. The agreements continued Nazi–Soviet economic relations and resulted in the delivery of large amounts of raw materials to Germany, including over 900,000 tons of oil, 1,600,000 tons of grain and 140,000 tons of manganese ore.
The Soviet Union received the incomplete Admiral Hipper-class naval cruiser Lützow, the plans to the battleship Bismarck, information on German naval testing, "complete machinery for a large destroyer", heavy naval guns other naval gear and samples of thirty of Germany's latest warplanes, including the Bf 109 fighters, Bf 110 fighters, Ju 88 and Do 215 bombers. The Soviet Union also received oil and electric equipment, locomotives, turbines, generators, diesel engines, ships, machine tools and samples of Germany artillery, tanks, explosives, chemical-warfare equipment and other items.
...
Wikipedia