EAST-WEST TRADE: Bundles for Russia

Trade relations between the Soviet Union and the U.S. have received another boost: a group of U.S. regional banks and Manhattan's French American Banking Corp. have formed a consortium that will make it easier for relatively small American corporations to sell their goods in Russia. The banks have agreed to lend Soviet import agencies $100 million, provided that the money is used to buy products from the banks' clients. The bankers hope that the availability of credit will entice their clients to search for sales opportunities in the U.S.S.R. The regional banks in the deal are Cleveland's Union Commerce, Indianapolis'...

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