SWEDISH CREDIT FOR RUSSIA
TRADE AGREEMENT SIGNED
FIVEFOLD INCREASE ENVISAGED
SOVIET TO PURCHASE EQUIPMENT
(United Press Assn.—Telegraph Copyright)
(Received September 9, 9.30 p.m.) MOSCOW, September 8.
A trade and credit agreement between Russia and Sweden has been signed, providing Russia with a £6,000,000 sterling credit for five years for the purchase of Swedish equipment. Interest will be at the rate of 4| per cent.
Over a five-fold increase in the Rus-sian-Swedish trade turnover is envisaged. It is proposed that the Russian exports will include petroleum products, grain, fodder and manganese.
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Southland Times, Issue 24227, 10 September 1940, Page 7
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90SWEDISH CREDIT FOR RUSSIA Southland Times, Issue 24227, 10 September 1940, Page 7
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