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ИД «Финансы и кредит»






Finance and Credit

On the financial aspect of final relationship between Nicholas II, Emperor of Russia, and King George V

Vol. 27, Iss. 6, JUNE 2021

Received: 15 March 2021

Received in revised form: 12 April 2021

Accepted: 26 April 2021

Available online: 29 June 2021


JEL Classification: В17, D14, Е51, Е52, F34

Pages: 1220–1240


Vladimir D. FETISOV National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation


Subject. The article considers the financial aspect of the latest relationship of Nicholas II and George V. It examines underexplored areas of foreign financial and credit activity of Nicholas II, its impact on the fate of the Royal Family and the Russian Empire.
Objectives. The purpose is to reveal the mechanism of formation and the role of foreign assets of the Russian Empire in the fate of the Royal Family and Russia, identify the reasons for England's refusal to accept the abdication of Nicholas II.
Methods. I apply the works by domestic and foreign scientists, archival records, memoirs of eyewitnesses and members of the Romanov Family and the British Royal Family. The article employs analytical, systems, historical, and statistical approaches.
Results. The paper substantiates the version about the royal property in England as a main motive for the refusal of George V to save Nicholas II. It presents a concept of the formation of the main English assets of Nicholas II, shows the reasons and mechanism of formation, consequences and significance for Russia in modern conditions of market economy globalization, offers directions of transformation of modern international economic relations.
Conclusions. The paper concludes on causes of ineffective financial and credit policy of the Romanov Family, its negative impact on the socio-economic development of Russia. It describes how to take into account the experience of international financial and credit policy of Nicholas II in modern conditions.

Keywords: finance, Nicholas II, George V, foreign assets


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