SOVIET EQUITY HOLDINGS IN THE WEST (S-6185)

Created: 5/21/1974

OCR scan of the original document, errors are possible

CENTRAL INTELLIGENCE AGENCY.

May4

UM FOR: Paul A. Heisc

Department of Labor

International Labor Affairs Bureau

Equity Holdings in the West

In response to your request ofm sendingrief description and alphabetical listing of known Soviet equity holdings in the West. You nay freely use the information contained therein, but may not give Agency Unfortunately, we are not aware of any laborthat the USSR may have had with foreign nationals that might hove been of use to you in studying the problems of multinational corporations and social policies. If we can be of any further assistance to you, please let us know.

Office ot Economic Research

Attachment: An statp-1

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Soviet Equity Holdings in the West

The USSR has equity interest in at leastnterprises in the West (see the alphabetical listing). Largelyin Western Europe, these establishments operate inwith the laws in the countries in which they are situated. The companies fall into three major categories; finance and insurance institutions, shipping agencies, and firms established to promote exports of Soviet-produced.

The most visible of the Soviet-owned firms in the West are the banks and insurance companies. The largest of these are the Moscow Narody Bank of London and Banque Commerciale pour 1'Europe du Nord of Paris. Each of these banks hasin excessillion dollars and more The London bank also has branches in Beirut and Singapore. Other banks in Western Europe include Wozchod Handelsbankst-West Handelsbanknd Donaubank (Vienna). The USSR alsoank in Tehranthe Russo-Iranian Bank. Tho USSR's Western-based insurance operations include Garant Versichorungs in Vienna, Black Sea and Baltic General Insurance Company in London, and Schwart2meer und Ostsee Transportversicherungs-Aktiengesellschaft in Hamburg. All of the above institutions are entirely Soviet owned.

The USSR also has varying degrees of equity interestarge number of companies to facilitate Soviet shipping and to promote Soviet exports, with few notable exceptions . Scaldia-Volga in Belgium, among other things, operates an auto assemblyhe equity investment and the size of the staff are small, often not much morewo or three man office.

inpi -

Alphabetical Listing of Soviet Equity Holdings tn the West

Country

American Trado Joint Stock company (AKTORG)

Anglo-Soviet Shippingtd. Banque Commercial pour 1'Europe

du Nord <BCEN) Belarus Equipment Belgium-Soviet Trade company

(BELSOlack Sea and. Baltic Goneral

Insurance company, Ltd. Donaubank East-West Agencies East-West Agencies East-West Trading Elorg

Ethiopian-Soviet Trade Co. (ETHSO) Ferchimex

Garant. Koneioto AB Koneistoonela

Konela Horge Bil Katreco Bil AB

Moscow Narodny Bank, Ltd. (HUB)

MNB-Beirut Branch

MJJ8-Singapore Branch Nafta-B

Nafta td Ost-West Itandelsbank Pacific International Freight-liners, Ltd. Russebois Russo-Iranian Bank Scaldia-Volga

Schwartzmeer und Ostsee Transport-versichcrungs-Aktiengesellschaft (SOVA6)

Singapore-Soviet Shipping Co.

(SOSIAC) Slava

Sogo and...

*

Teboyl

Technical and Optical Equipment, Ltd. Transworld Marine Agency (Antwerp) Transworld Marine Agency (Rotterdam) UM0 Plant, Ltd.

United Orient Shipping and Agency

Company, Ltd West African Automobile and Technical

Engineering Company (WaATECOJ Kozchcd.

United States. United Kingdom

France Canada

Belgium

United Kingdom

Austria

Belgium

Netherlands

United Kingdom

Netherlands

Ethiopia

Belgium

Austria

Finland

Norway

Finland

Norvay

Sweden

United Kingdom Lebanon Singapore Belgium United Kingdom West Germany

Canada

Belgium

France

Iran

Belgium

West Germany

Singapore

France

France

Spain

Italy

France

Finland

United Kingdom Belgium Netherlands United Kingdom

Japan

Nigeria Switzerland

Original document.

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