IRAQ-KUWAIT: SITUATION REPORT #498 - KUWAIT GRANTS CREDITS TO SOVIETS

Created: 1/23/1991

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announced yesterday that the Soviet Union and Kuwait haveI billion credit agreement. The seven-year loan part4 billion credit plan announced earlier by Kuwait, Saudi Arabia, and the United Arabthe thirdast three years. Although the terms of the agreement were not announced, the first deputy chairman of the Soviet foreign economic affairs bank called them "favorable." Q|

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Commenti The Soviets were probably pleased to complete this loan, as Western aid is in danger of being lost because of the situation in the Baltics. HUM MM

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