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Soviet Bloc Economic and Financial Situation Update: (06/25/1982) Box: RAC Box 19

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Soviet Bloc Economic and Financial Situation Update: (06/25/1982) Box: RAC Box 19 Ronald Reagan Presidential Library Digital Library Collections This is a PDF of a folder from our textual collections. Collection: Executive Secretariat, NSC: Country File: Records, 1981-1985 Folder Title: Soviet Bloc Economic and Financial Situation Update: (06/25/1982) Box: RAC Box 19 To see more digitized collections visit: https://reaganlibrary.gov/archives/digital-library To see all Ronald Reagan Presidential Library inventories visit: https://reaganlibrary.gov/document-collection Contact a reference archivist at: [email protected] Citation Guidelines: https://reaganlibrary.gov/citing National Archives Catalogue: https://catalog.archives.gov/ WITHDRAWAL SHEET Ronald Reagan Library Collection Name EXECUTIVE SECRETARIAT, NSC: COUNTRY FILE Withdrawer KDB 9/1/2015 File Folder SOVIET BLOC ECONOMIC AND FINANCIAL SITUATION FOIA UPDATES (6/25/82) F03-002/5 Box Number 19 SKINNER 123 ID Doc Type Document Description No of Doc Date Restrictions Pages 169048 MEMO W. MARTIN TOW. CLARK: SOVIET 3 6/25/1982 Bl BLOC ECONOMIC AND FINANCIAL SITUATION UPDATE #28 PAR 1/23/2013 CREST NLR-748-19-46-1-6 169049 CABLE 2414352 JUN 82 3 6/24/1982 Bl 169050 CABLE 2418452 JUN 82 1 6/24/1982 Bl 169051 CABLE RE USSR 3 6/23/1982 B 1 169052 CABLE RE SOVIETS 2 6/21/1982 Bl 169053 CABLE 1721072 JUN 82 1 6/17/1982 Bl Freedom of Information Act - [5 U.S.C. 552(b)] B-1 National security classified Information [(b)(1) of the FOIAJ B-2 Release would disclose Internal personnel rules and practices of an agency [(b)(2) of the FOIAJ B-3 Release would violate a Federal statute [(b)(3) of the FOIAJ B-4 Release would disclose trade secrets or confidential or financial Information [(b)(4) of the FOIAJ B-6 Release would constitute a clearly unwarranted Invasion of personal privacy [(b)(6) of the FOIAJ B-7 Release would disclose Information complied for law enforcement purposes [(b)(7) of the FOIAJ B-8 Release would disclose Information concerning the regulation of financial Institutions [(b)(8) of the FOIAJ B-9 Release would disclose geological or geophysical Information concerning wells [(b)(9) of the FOIAJ C. Closed In accordance with restrictions contained In donor's deed of gift. WITHDRAWAL SHEET Ronald Reagan Library Collection Name EXECUTIVE SECRETARIAT, NSC: COUNTRY FILE Withdrawer KDB 9/1/2015 File Folder SOVIET BLOC ECONOMIC AND FINANCIAL SITUATION FOIA UPDATES (6/25/82) F03-002/5 Box Number 19 SKINNER 123 ID Doc Type Document Description No of Doc Date Restrictions Pages 169054 REPORT RE EAST GERMANY-WEST GERMANY 1 6/18/1982 Bl R 1/13/2012 CREST NLR-748-19-46-2-5 169055 CABLE 3 6/22/1982 B 1 169056 CABLE 2 ND Bl 169057 CABLE 2 6/22/1982 Bl 169058 CABLE 3 6/22/1982 Bl 169059 CABLE PARIS 0902 2 6/16/1982 Bl R 6/3/2013 CREST NLR-748-19-46-3-4 169060 CABLE 2218502 JUN 82 1 6/22/1982 Bl D 9/16/2013 CREST NLR-748-19-46-4-3 Freedom of Information Act - (5 U.S.C. 552(b)J B-1 National security classified information [(b)(1) of the FOIA) B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIAJ B-3 Release would violate a Federal statute [(b)(3) of the FOIAJ B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIAJ B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIAJ B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIAJ B-8 Release would disclose information concerning the regulation of financial Institutions [(b)(B) of the FOIAJ B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIAJ C. Closed in accordance with restrictions contained in donor's deed of gift. WITHDRAWAL SHEET Ronald Reagan Library Collection Name EXECUTIVE SECRETARIAT, NSC: COUNTRY FILE Withdrawer KDB 9/1/2015 File Folder SOVIET BLOC ECONOMIC AND FINANCIAL SITUATION FOIA UPDATES (6/25/82) F03-002/5 Box Number 19 SKINNER 123 ID Doc Type Document Description No of Doc Date Restrictions Pages 169061 CABLE 2421222 JUN 82 1 6/24/1982 Bl R 6/3/2013 CREST 748-19-46-5-2 169062 CABLE 2420392 JUN 82 1 6/24/1982 Bl 169063 CABLE 2423322 JUN 82 4 6/24/1982 B 1 Freedom of Information Act • [5 U.S.C. 552(b)] B-1 National security classlfled Information [(b)(1) of the FOIA] B-2 Release would disclose Internal personnel rules and practices of an agency [(b)(2) of the FOIA] B-3 Release would violate a Federal statute [(b)(3) of the FOIA] B-4 Release would disclose trade secrets or confidential or financial Information [(b)(4) of the FOIA] B-6 Release would constitute a clearly unwarranted Invasion of personal privacy [(b)(6) of the FOIA] B-7 Release would disclose Information compiled for law enforcement purposes [(b)(7) of the FOIA] B-8 Release would disclose Information concerning the regulation of financial Institutions [(b)(S) of the FOIA] B-9 Release would disclose geological or geophysical Information concerning wells [(b)(9) of the FOIA] C. Closed In accordance with restrictions contained In donor's deed of gift. WITHDRAWAL SHEET Ronald Reagan Library Collection Name Withdrawer EXECUTIVE SECRETARIAT, NSC: COUNTRY FILE KDB 9/1/2015 File Folder FOIA SOVIET BLOC ECONOMIC AND FINANCIAL SITUATION F03-002/5 UPDATES (6/25/82) SKINNER Box Number 19 123 ID Document Type No of Doc Date Restric- Document Description pages tions 169048 MEMO 3 6/25/1982 Bl W. MARTIN TOW. CLARK: SOVIET BLOC ECONOMIC AND FINANCIAL SITUATION UPDATE#28 Freedom of Information Act - [5 U.S.C. 552(b)] 8-1 National security classified information [(b)(1) of the FOIA] 8-2 Release would disclose Internal personnel rules and practices of an agency [(b)(2) of the FOIA] 8-3 Release would violate a Federal statute [(b)(3) of the FOIA] 8-4 Release would disclose trade secrets or confidential or financial Information [(b)(4) of the FOIA] 8-6 Release would constitute a clearly unwarranted Invasion of personal privacy [(b)(6) of the FOIA] 8-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA] 8-8 Release would disclose Information concerning the regulation of financial institutions [(b)(8) of the FOIA] 8-9 Release would disclose geological or geophysical Information concerning wells [(b)(9) of the FOIA] C. Closed In accordance with restrictions contained in donor's deed of gift. No Objection to Declassification in Part 2013/01/23 : NLR-748-19-46-1-6 , ..,,,,,,-. 1c: ··." ...... l1Jfl-SfGm . I MEMORANDUM 4500 25X1 \ .. INFORMATION June 25, 1982 \i-., MEMORANDUM FOR WILLIAM P. CLARK FROM: WILLIAM F . t,iARTIN-./ f f't\ SUBJECT: Soviet Bloc Edonomic .and Financial Situation Update #28 (U) DECtAS~!rJEDli\l PART W..RR1 'i.9 ---fi-yi> -- I,,, l:, Soviet Union BY {«JLNARADATE qfo/4 1" The Soviets are trying to develop computers patterned after us designs, but recognize that their software and hard­ ware are several. Yiars behind we·stern capabili tiesys· gnificant resources are being invested to catch up ·(Tab A) . -- The Soviet Mi_nister of Gas Industry has given Nuovo Pignone an ultimatum: either gear up immediately to· begin ·manufacture of the Soviet-designed GTN-25 gas turbine to replace · the embargoed .American m~del -6r the Soviets will ~a~3l the contract and impose default penalities (Tab B). j,$7 25X1 -- The Soviets have imposed new, stricter rules on the use of hard currency by· athletes. _ There is on~~ one exception to the rule: .chess players (Tab D} . .J,P,r -- During the week of June 14, the USSR purcha·sed over l million tons of maize from Argentina for Ju~y(9gust delivery. Payment was part casJ-i, part credit (Tab E). ~ Eastern Europe 25X1 Review June 25, 2002 25X1 Derivative Classification by CIA N_o Objection to Declassification in Part_201~~NLR-748-19-46-1-6 / . .1ur~lll\1-1 25X1 TOP ~~/l -2 "'-~· 1. : 7 . ~- East Gennany continues to limit exports to oth~r CEMA states. Pre.ssure on industry . to·· export to th~ Wes·t has risen to the point that managers ·prefer to sell ·any marketable · item in the West, even if that item .is a ne~ess.ary componellt, for .a product intended for the domestic market (Tab G). ~ 25X1 -- A -new regulation regarding .the retention of portions of foreign· exchange ea-rnings by · indiv·idual Polish trade enterprises is not working. A- trade enterprise can retain a certain percentage . of its foreign exchange· earnings for the purchase of raw materials ~broad .. The proceeds are deposited· in the .Bank Handlowy. · However, when firms t 7y to· draw on~~~ deposit~, often there are no funds forthcoming (T.ab ·I) •. j8'J · . -~ A Czech9slo;ak• regional economic officiai· has complained of the er.is is state of tbe Czechoslovak _..e:conqmy ~d its deepening depen~ence on the Soviet Union. The economy has been seriously affected ·by the failure ~f some Third World _nations to rE:~1:'i" loans and ·. by the effects · of the I>olish cris1s (Tab J) . ~ · -- A senior French treasury of ~ici~·l has : expressed grave ·. concern over · the economic situation.· of Hungary and predicts · reschedul~ng. Thi.s _would be.. a blow to all· Eastern_ Eu,rope· .as Hungary •is seen as · the best. run of Communist countries "(Tab K). ~ y 25X1 At the Jup.e· .11 London meeting of Poland·' s Foreign creq.itors, Western Bankers agreed that Poland should be al.lowed· to defer interest payments on 1982 maturities until an agreement between Polan<:I and .its creditors coui~ be reached for ~~z:1e.scheduling of the·· country's 1982 external debt (Tab M) • ~ .
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