SINO-SOVIET BLOC ECONOMIC ACTIVITIES IN UNDERDEVELOPED AREAS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP92B01090R000700010125-2
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 6
• Document Creation Date: December 16, 2016
• Document Release Date: August 10, 2005
• Sequence Number: 125
• Publication Date: November 21, 1960
• Content Type: REPORT

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BIWEEKLY REPORT
SINO - SOVIET BLOC
ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
EIC-WGR 1/125
21 November 1960
PREPARED BY THE WORKING GROUP
ON SINO-SOVIET BLOC ECONOMIC ACTIVITIES
IN UNDERDEVELOPED AREAS
ECONOMIC INTELLIGENCE COMMITTEE
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WARNING
THIS MATERIAL CONTAINS INFORMATION AFFECT-
ING THE NATIONAL DEFENSE OF THE UNITED STATES
WITHIN THE MEANING OF THE ESPIONAGE LAWS,
TITLE 18, U.S.C., SECTIONS 793 AND 794, THE TRANSMIS-
SION OR REVELATION OF WHICH IN ANY MANNER TO
AN UNAUTHORIZED PERSON IS PROHIBITED BY LAW.
These biweekly reports on "Sino-Soviet Bloc Economic Ac-
tivities in Underdeveloped Areas" are prepared and issued
by a Working Group of the Economic Intelligence Commit-
tee, including representatives of the Departments of State,
the Army, the Navy, the Air Force, Commerce, and Agricul-
ture; the International Cooperation Administration; the
Office of the Secretary of Defense; and the Central Intelli-
gence Agency. Their purpose is to provide up-to-date fac-
tual information on significant developments in the eco-
nomic relations of Sino-Soviet Bloc countries 'with under-
developed countries of the Free World. The EIC-R-14 series
of reports, under the same title, provide periodic summaries
and analytical interpretations of these developments.
Printed and Disseminated by the
Central Intelligence Agency
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Summary of Events
4-17 November 1960
On 14 November the Soviet Council of Ministers decreed that as of
1 January 1961 the gold content of the Soviet ruble would be increased
from 0. 222168 gram of pure gold to 0. 987412 gram -- that is, 4. 44
times. The official exchange rate of the ruble will be altered corre-
spondingly from 25 cents to $1. 11.
The first scheduled air route between a Bloc country and Latin
America is now being established. Czechoslovakia recently applied to
the Director of Civil Aviation of Bermuda for overflight and nontraffic
landing rights for a proposed air route from Prague to Havana. If the
permission is granted, Czechoslovakia plans to inaugurate weekly
I1-18 flights to Havana via either Shannon and Gander or Rabat and the
Azores, with a technical stopover in Bermuda. Czechoslovakia also
may attempt to extend the flights to Mexico.
Guinea has received two sizable shipments of Soviet arms.
other aircraft, presumably I1-28 twin-.jet leg t om .
and a group of Soviet technicians are expected to reach Morocco in 4
to 6 weeks.
Sudan has received a gift of five BTR-152 armored personnel car-
riers from the USSR., the first arms acquired from the Bloc.
A surprise announcement by the Moroccan Government revealed
that Crown Prince Moulay Hassan had requested and received a Soviet
offer of military aid -- principally jet aircraft -- following a recent
meeting with Soviet Ambassador Dimitry Pozhidayev. The offer is
o include 12 MIG-17's and an unspecified number of
h b tiers The aircraft
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The Sudanese allegedly have given approval in principle to a Chi-
nese Communist offer to provide two 50-kilowatt shortwave radio
transmitters on a grant basis. The Chinese grant offer is the first
such proposal made to Sudan by the Bloc.
Prime Minister Sarit of Thailand recently expressed interest in
aid from the USSR for economic development on the ground that his
country was ready to accept assistance from any source. The occasion
for these new sentiments was an offer of economic, commercial, and
cultural cooperation by the new Soviet Ambassador on 31 October.
India recently concluded an agreement with the USSR for the par-
chase of approximately 18 aircraft at a cost of about $32 million.
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CONTENTS
Page
I. General (New Soviet Ruble Exchange Rate) . . . . . ? 1
II, Latin America (Direct Air Service Between the Bloc
and Latin America) . . . . . . . ? ? ? ? . ? . ? . 2
III. Africa . . . . . . . . . . . . . . . . . . . . . . 3
A. Deliveries of Soviet Arms to Guinea . . . . . . 3
B. Bloc Offers of Military Aid to Morocco . . . . . 4
C. Sudan . . . . . . . . . . . . . . . . . . . . 5
1. Soviet Military Aid to Sudan . . . . . . . . 5
2. Chinese Communist Radio Transmitters to
Sudan . . . . . . . . . . . . . . . . 5
A. Soviet Offer of Aid to Thailand . . . . . . . . . 6
B. Indian Agreement to Purchase Soviet Aircraft . . 7
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