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Olof Aschberg

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Olof Aschberg (18771960) was a Swedish banker and businessman of Jewish background. Aschberg was a sympathizer of the Communist movement and helped finance the Bolsheviks in Russia. In gratitude, the Bolshevik government allowed Aschberg to do business with Soviet Union during the 1920s. After the Soviet revolution Aschberg became head of Ruskombank, the first Soviet international bank[1].

In the 1930s Aschberg moved to France. During World War II, when France was invaded by Nazi Germany in 1940, Aschberg and his family fled to the USA. After the war, Aschberg moved back to Sweden.

  1. ^ Antony C. Sutton, "Wall Street and the Bolshevik Revolution", chapter XI, 1974