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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