Share this story
Close X
Switch to Desktop Site

Soviets ask Japanese for funds for pipeline

The Soviet Union has asked Japanese banks for a $70 million loan to finance a down payment on Japanese steel pipe which could be used for the Siberia-to-Western Europe natural gas pipeline project. Some Japanese bankers believe the Soviet request stems from a foreign currency shortage in Moscow caused by the need to help its East European allies, including Poland.

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.