Word: barterer
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Dates: during 1960-1969
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...credits to permit the Mali government to buy 300 trucks, and the U.S. anted up $2,500,000, mostly in cement and gasoline. Entering enthusiastically into the competition, the Common Market nations jointly granted $2,700,000 for irrigation and medical supplies, and Red China signed a barter deal: Chinese machinery and building supplies for Mali's agricultural products and handicrafts...
...important part of Soviet foreign policy these days floats to the outside world on a thick black tide of oozing oil. Russian oil salesmen with barter deals in their briefcases stride the sidewalks of Beirut, Colombo and Tokyo. Earnest technicians from Moscow probe the earth in India, Ghana, Cuba and Pakistan to help the locals find petroleum of their own. Fat tankers chug out of the Black Sea toward a score of nations already signed up at bargain-basement prices for Commilube, the fuel of friendship...
...imports) in 1959 simply by knocking 22% off the price that Western suppliers were charging. In Brazil, there was hardly a discount at all in Russia's big contract last year; there the attraction was that Soyuzneftexport accepted Brazilian coffee and cocoa beans in a straight barter deal, whereas the "majors" demanded hard currencies...
...promised to send to Cuba a $250 million aid program, including an oil refinery, a steel mill, power plants. Added the joint communique: in case the U.S. "carries out its threat of not buying more sugar from Cuba," Russia commits itself to purchase 2,700,000 tons at the barter equivalent of 4^ per lb., making 4,000,000 tons in all to the Communist world. The Russian pledges were hedged, e.g., "measures that are possible." Yet the outcome was indisputable: a Soviet commitment to keep Cuba's Communist regime alive, if on short rations...
Before he left for Moscow to sign further deals with the Reds (Castro already has barter agreements with seven Soviet-bloc nations), Guevara went on TV and rendered a treasurer's report written in double red ink. He acknowledged that foreign exchange reserves had fallen from $214 million to $170 million and would probably fall to $100 million by year's end. He warned that "we shall have to look for substitutes" but promised Cubans that the Communist bloc's "perfect planning" would see them through. "Che" might well bring back more big machinery from the East...