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Initially, the Russian government. When it became visible that profits were to be made by investing in Russia's industrial development it was mostly France and Britain who were active in establishing factories there. All over Western Europe investors were found who bought Russian bonds to finance big infrastructure projects. After 1917 the Communist government was to nationalize most of the foreign-owned factories and bankrupted countless Western investors by refusing to honor any further payment obligations on the outstanding bonds issues by the Tsarist government.

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Q: Who financed the industrial revolution in Russia?
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What country financed industrial revolution in russia?

Great Britain was the country that played a significant role in financing the industrial revolution in Russia. British investors provided capital, technology, and expertise to help develop various industries in Russia during the late 19th and early 20th centuries.


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The Russian Revolution was carried out by Lenin in 1917. Stalin succeeded him in 1924. From this, we can infer that he made Russia an industrial power AFTER the revolution.


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