PERSIA: Treaty

After more than six months of negotiation a political-commercial treaty was concluded last week by Soviet Russia and Persia. Signature impended.

Terms. The figure of exports and imports was fixed at 25,000,000 rubles each, the idea being that each country may import from the other no more than it exports, thus equalizing the balance of trade.

The Persians, however, may send an unlimited amount of goods at privileged rates of tariff and transport, to the fairs of Nizhniy-Novgorod and Baku, provided that they buy not less than 85% in Russian goods at the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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