Word: barter
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Dates: during 1960-1969
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...from which 15 million tons of steel will be made this year all over the world; now it is building a $30 million L-D plant in Russia and is considering a deal to put up a rolling mill in North Korea. Austria has also signed a series of barter treaties with Russia and the satellites, manages to run a payments surplus because foreign tourists spend $523 million a year to enjoy its Alps and its Gemiitlichkeit...
Finally the priests and nuns were taken to Stanleyville to join the rebels' other hostages. By now the leaders were trying to barter the lives of their prisoners for a ceasefire...
...collapse. Castro is desperately searching for more trade with the West like the deal he made a fortnight ago for $10 million worth of British buses to bolster his transportation system. But Castro cannot pay for many such deals unless he can wheedle a further relaxation of the barter agreement under which Cuba sells its dwindling sugar crop to Russia at 6? a Ib. v. the world market price of 10? a Ib. And this might take some talking-since it would leave the Communists with even less than they already have to show for their...
Gentlemen's Disagreement. In Paris, Ball also got a sympathetic reception, a pleasant change for a U.S. envoy these days. France last year exported to the Soviet bloc goods worth only about $266 million; Russian barter proposals, involving a swap of Soviet coal and oil for heavy industrial goods, are highly unattractive since France can sell its own coal and oil inside the Common Market. Besides, Charles de Gaulle believes that trading with the Soviets is a dirty business (although he seems willing to trade with Red China) and recently denied an export license to a leading French steel...
...stimulate more orders from Moscow. Russia is the East's biggest trader, last year exported $1.9 billion to the West, mostly in furs, oil, iron ore and timber; it imported $1.7 billion worth of Western goods, chiefly machinery. To conserve its supply of hard monies, Russia tries to barter whenever possible, and its biggest success so far was sending 82 million bbl. of oil to Italy's state-run E.N.I, in return for large shipments of machinery and a chemical plant that the Italians are now building in Russia...