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State Power and Economic Statecraft - the Ekho Scandal: Cold War Intrigue and Economic Sabotage in the Soviet Union, 1990-91

State Power and Economic Statecraft - the Ekho Scandal: Cold War Intrigue and Economic Sabotage... COMMENTARY EVERETT CARL DOLMAN (Colorado Springs, CO, USA) STATE POWER AND ECONOMIC STATECRAFT - THE EKHO SCANDAL: COLD WAR INTRIGUE AND ECONOMIC SABOTAGE IN THE SOVIET UNION, 1990-91 Introduction: In 1990 official representatives of the Russian Soviet Federative Socialist Republic (RSFSR) met with foreign investors for the purpose of exc:hanging cash credits for goods and services in the amount of 140 billion rubJles. This transaction, contracted at the black market rather than state-established exchange rate, triggered a national political scandal. The- fu?l- story of the t990-91 Ekho deal has been obscured, hidden beneath layers of propaganda and public accusation. Most contemporaries be- lieved the exchange was a hoax, that it was simply too fantastnc to be credible. Some argued it was a grand design by one faction of the Soviet or Russian government t.o expose corruption in another. A few, primarily the contracting parties, claimed it was a bold attempt to jump-start the anemic Russian economy. This essay attempts to present the details of the incident as earnestly as possible and in so doing sides with a minority opinion that the deal was a rare attempt to overthrow an established state apparatus through economic sabotage. Precisely who was http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Soviet and Post Soviet Review Brill

State Power and Economic Statecraft - the Ekho Scandal: Cold War Intrigue and Economic Sabotage in the Soviet Union, 1990-91

The Soviet and Post Soviet Review , Volume 21 (1): 118 – Jan 1, 1994

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Publisher
Brill
Copyright
© 1994 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1075-1262
eISSN
1876-3324
DOI
10.1163/187633294X00151
Publisher site
See Article on Publisher Site

Abstract

COMMENTARY EVERETT CARL DOLMAN (Colorado Springs, CO, USA) STATE POWER AND ECONOMIC STATECRAFT - THE EKHO SCANDAL: COLD WAR INTRIGUE AND ECONOMIC SABOTAGE IN THE SOVIET UNION, 1990-91 Introduction: In 1990 official representatives of the Russian Soviet Federative Socialist Republic (RSFSR) met with foreign investors for the purpose of exc:hanging cash credits for goods and services in the amount of 140 billion rubJles. This transaction, contracted at the black market rather than state-established exchange rate, triggered a national political scandal. The- fu?l- story of the t990-91 Ekho deal has been obscured, hidden beneath layers of propaganda and public accusation. Most contemporaries be- lieved the exchange was a hoax, that it was simply too fantastnc to be credible. Some argued it was a grand design by one faction of the Soviet or Russian government t.o expose corruption in another. A few, primarily the contracting parties, claimed it was a bold attempt to jump-start the anemic Russian economy. This essay attempts to present the details of the incident as earnestly as possible and in so doing sides with a minority opinion that the deal was a rare attempt to overthrow an established state apparatus through economic sabotage. Precisely who was

Journal

The Soviet and Post Soviet ReviewBrill

Published: Jan 1, 1994

There are no references for this article.