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Anglo-Russian Trade Negotiations

Volume 443: debated on Thursday 30 October 1947

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asked the President of the Board of Trade whether, in the recent abortive negotiations for a trade agreement with the U.S.S.R. any request was made by the Soviet representatives for payment either in whole or in part, by way of dollars or gold; or what was the proposed basis of payment.

Our trade negotiations with the U.S.S.R. last summer were conducted on the basis of payment in sterling which was at that time fully expendable