ROOSEVELT'S REFUSAL
LONG-TERM CREDIT TO RUSSIA
EUROPE'S UNPAID DEBT TO U.S.A. WASHINGTON, September 6. A refusal by President Roosevelt to grant Russia a long-term loan and commercial credits' for more than 200,000,000 dollars caused the collapso tgday of the debt and trade negotiations between, the two Governments. The President told the State Department that it would bo undesirable _ to grant a long-term loan to' any foreign country because of Europe's tremendous unpaid debt to the United States. He continued that Kusfcian insistence on the loan as the price for their promise to pay hundreds of millions in debts and claims by the United States made futile any immediate continuance of the negotiations.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 60, 8 September 1934, Page 9
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112ROOSEVELT'S REFUSAL Evening Post, Volume CXVIII, Issue 60, 8 September 1934, Page 9
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