Word: mannesmann
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Dates: during 1970-1979
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...Germans have delivered or contracted to deliver equipment for Russia's coal, chemical, natural gas, steel, truck, electronics and toolmaking industries. Since 1970. West German banks have provided about $800 million in credit so that the Soviet Union could barter natural gas from Siberia for steel pipes from Mannesmann and Thyssen. Brezhnev wants to make more such deals...
...firms of Mannesmann and Thyssen will deliver 1,200,000 tons of 56-inch steel pipe, designed to withstand extreme cold, to Russia. The Soviets need it for pipelines to open the natural gas reserves of Siberia, the world's richest. In return, the Soviets will send to West Germany 52 billion cubic meters of gas over 20 years, starting in 1973. To enable the Soviets to pay for the pipe before they deliver the gas, a consortium of 17 West German banks will lend them $328 million at 6.25% interest-practically foreign-aid terms. A West German firm...