Foreign News: For $7,000,000

M. Boris Kraevsky, Soviet Commercial Agent to South America, cabled jubilantly last week to Moscow. He had just secured the first de jure recognition of Soviet Russia by a South American state— Uruguay. To newsgatherers he said: "My mission consists purely in establishing commercial relations between the U. S. S. R. (Union of Socialist Soviet Republics: Russia) and South America. . . . Yes, I have installed a central office in Buenos Aires. . . . During the past eight months our purchases of Uruguayan products have totaled $7,000,000."


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!