WANTS BRITAIN’S TRADE
SOVIET PLANS TO SPEND ENORMOUS SUM BIG IMPORTS PROGRAMME (Australian and X.Z. Press Association) (United Service) MOSCOW, Friday. In an address to the British trade delegation, Riatakoff, acting chairman of the Soviet State Bank, said that the Soviet planned to spend in the next five years £5,500,000,000 on development schemes. Naturally such a programme must be connected with a definite scheme of imports. Sources for the payment of that imports programme had been definitely accounted for. As long as Russia’s relations with Britain remained unregulated, imports from Britain would be insignificant. They would only be the absolute, unavoidable, minimum. However, if a mutually satisfactory agreement were reached the Soviet would easily be able to place industrial orders with Britain worth £150,000,000. Furthermore, if Britain agreed to invest capital in various concessions in Russia, the contracts for the Soviet’s imports programme could be increased to £200,000,000 and more.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19290408.2.70.1
Bibliographic details
Sun (Auckland), Volume III, Issue 632, 8 April 1929, Page 9
Word Count
150WANTS BRITAIN’S TRADE Sun (Auckland), Volume III, Issue 632, 8 April 1929, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in