The dispute between Britain and the Soviet Union had been unresolved for 68 years. The subject: bonds issued by the Czar before the Bolshevik revolution of 1917. Soon after the Communists took power, they repudiated the debt, including bonds with a face value of $75 million that were held by British investors. The Soviets also nationalized $1.35 billion worth of British property in the U.S.S.R. In retaliation, London seized Soviet assets in Britain with an estimated value of $68 million.
Last week the two countries finally settled their differences. The agreement basically calls for both sides to waive the claims they...
To continue reading:
or
Log-In
