Treaty

German–Soviet Credit Agreement

19 Aug 1939 · 52.52° N, 13.38° E

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What the records say

When
19 Aug 1939
Kind
Treaty
Coordinates
52.52° N, 13.38° E
Description
contract

German–Soviet Credit Agreement (1939)

Credit agreement between Nazi Germany and Soviet Union

The German–Soviet Credit Agreement was an economic arrangement between Nazi Germany and the Soviet Union whereby the latter received an acceptance credit of 200 million ℛ︁ℳ︁ over seven years with an effective interest rate of 4.5 percent. The credit line was to be used during the next two years for purchase of capital goods in Germany and was to be paid off by means of Soviet material shipment from 1946 onwards.

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