Word: withstand
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Dates: during 1970-1979
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...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...