"On 25 December 1991, Gorbachev resigned as the President of the USSR, declaring the office extinct. He turned the powers that had been vested in the presidency over to Yeltsin. That night, the Soviet flag was lowered for the last time, and the Russian tricolor was raised in its place. The following day, the Supreme Soviet, the highest governmental body of the Soviet Union, voted both itself and the Soviet Union out of existence. This is generally recognized as marking the official, final dissolution of the Soviet Union as a functioning state. The Soviet Army originally remained under overall CIS command, but was soon absorbed into the different military forces of the newly independent states. The few remaining Soviet institutions that had not been taken over by Russia ceased to function by the end of 1991. Following the dissolution of the Soviet Union on 26 December 1991, Russia was internationally recognized as its legal successor on the international stage. To that end, Russia voluntarily accepted all Soviet foreign debt and claimed overseas Soviet properties as its own. Under the 1992 Lisbon Protocol, Russia also agreed to receive all nuclear weapons remaining in the territory of other former Soviet republics. Since then, the Russian Federation has assumed the Soviet Union's rights and obligations."
Soviet Union, Wikipedia
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