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2026

Putin says Russia 'ready for peace talks' after Ukraine refinery strikes

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Vladimir Putin says Russia is ready for peace talks with Ukraine after strikes on its infrastructure led to fuel shortages.

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1920

TROTSKY SEEKING PEACE. Russia, in Distress, Prepared to Make Deals With Capitalists.

COPENHAGEN, December 18. A dispatch to the Politiken from Riga says: Leon Trotsky, the Russian Bolshevik minister of war, has been engaged in a vast propaganda scheme to emphasize the need of peace. The correspondent adds that Rus—

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Evening star. (Washington, D.C.), December 17, 1920 — front page Enlarge →

What Happened Next

Russian famine of 1921–1922

The Russian famine of 1921–1922, also known as the Povolzhye famine, was a severe famine in the Russian Soviet Federative Socialist Republic that began early in the spring of 1921 and lasted until 1922. The famine resulted from the combined effects of severe drought, the continued effects of World War I, economic disturbance from the Russian Revolution, the Russian Civil War, and failures in the government policy of war communism. The famine killed an estimated five million people and primarily affected the Volga and Ural regions.

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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. Lenin's New Economic Policy downplayed socialism and emphasized business dealings with capitalist countries in an effort to restart the sluggish Russian economy. It ended the British blockade, and Russian ports now were open to British ships.

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New Economic Policy

The NEP represented a move away from full nationalization of certain parts of industries. Some kinds of foreign investments were expected by the Soviet Union under the NEP, in order to fund industrial and developmental projects with foreign exchange or technology requirements. Lenin characterized the NEP in 1922 as an economic system that would include 'a free market and capitalism, both subject to state control.'

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