BLOW TO RUSSIA.
Leading Oil Companies to Stop Their Dealings^ £5,000,000 A YEAR * LOSS. LONDON, August 14. The "Daily Telegraph" states that the Shell and -Standard oil companies have decided - not to deal in Russian oil, directly or indirectly. This is a heavy blow to Russian schemes to obtain large credits in America in order to fill the depleted Soviet Treasury. Those carrying on negotiations for the companies decided that it was .useless to look to Moscow for a reasonable agreement. The decision will entail a loss to the Russian Government of at least £5 000,000 a year. Its trouble is increased by the fact that the Soviet oil industry in the last six months has experienced a virtual breakdown, and the Government has been forced to release a number of oil experts from prison and send them to the distressed oilfields. .
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Bibliographic details
Auckland Star, Volume LXIV, Issue 191, 15 August 1933, Page 7
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142BLOW TO RUSSIA. Auckland Star, Volume LXIV, Issue 191, 15 August 1933, Page 7
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