1991 Abolition of CMEA

25 years ago, on June 28, 1991, at the 46th final meeting of the session of the Council for Mutual Economic Assistance (CMEA) in Budapest, the CMEA member countries - Bulgaria, Hungary, Vietnam, Cuba, Mongolia, Poland, Romania, the USSR and Czechoslovakia - signed a protocol on abolition of the organization. This was due to the fall of the communist regimes in Eastern Europe during the "velvet revolutions".