Abstract: The article considers Russia’s participation in the Genoa Conference in 1922 that was some sort of result of five-years’ activity of the Soviet Diplomacy. The research object is the fierce debate about the economic policy of the Bolsheviks, who had initiated a “socialist” experiment in the country, which was getting out from wars and revolutions. The main attention is given to the problem of debt obligations of the czarist and the interim governments, which had been abrogated by the Soviet power. The authors demonstrate how Soviet diplomats defended Russia’s position on this issue in a fierce debate. The authors study the set of historical and legal facts and evaluate them on the basis of the achievements of Russian and foreign historiography. The authors come to positive conclusions about the achievements and losses of Soviet diplomacy in the struggle for the recognition of new Russia by capitalist countries and for the establishment of trade and diplomatic relations with them. The authors estimate the separate treaty with Germany, which helped break diplomatic isolation of Russia. 

Abstract: The subject of this research is the process of establishment of the Soviet State economic policy during the period of 1920-1930. The author thoroughly examines the legislation on commercial enterprises as the protectors of economic interests of Russia abroad, as well as the consolidation of their status in the international treaties. The author gives characteristic to the new economic policy and concessions as means of attracting the foreign capital into the country. A special attention is given to the fight of the Soviet State for implementation of foreign trade monopolies as one of the ways to preserve the Soviet regime. An objective analysis of the legal acts, international agreements, as well as other diplomatic documents, allowed the author to propose his own unique conception of events associated with the development by the Soviet government of the economic line on the international arena. It became the embodiment of the “socialistic” reforms program in Russia with all characteristic to it positive and negative aspects.  This article creates a close to the objective truth image of historical reality.