P.M. BRIEFING : Loans to Moscow Expected Soon
The government-run Export-Import Bank of the United States expects to start lending money to the Soviet Union soon, bank President and Chairman John Macomber said today.
“I suspect we will (open credit lines to Moscow) in the springtime,” he told a news conference in Tokyo.
He also expects the bank to start providing credits to East Germany and Czechoslovakia. It already lends money to Poland and Hungary.
Political constraints have prevented the bank from dealing with the Soviet Union in the past, but that may change with the rapid thawing of relations between the two superpowers.
The export-import banks of America’s top trading partners--Japan, West Germany, France, Britain and Italy--already help finance trade and investment with Moscow.
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