AMERICA AND RUSSIA
DEBT AND TRADE NEGOTIATIONS COLLAPSE REPORTED. Press Association —By Telegraph—Copyright. : WASHINGTON. September 6. The refusal, by President Roosevelt to grant Russia a long-term loan and commercial credits for more than 200,000,OOOdol caused the collapse to-day of debt and trade negotiations between the two Governments. The President told the State Department that it would be 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 Russian insistence on ; a loan as the price for her promise to pay hundreds of millions , m debts and claims by the United States made futile any immediate contiuanco of the negotiations.
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Evening Star, Issue 21820, 8 September 1934, Page 13
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112AMERICA AND RUSSIA Evening Star, Issue 21820, 8 September 1934, Page 13
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