SOVIET MILITARY BANK TAKES OVER LIQUID ASSETS OF USIA FIRM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R005000250006-7
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: February 19, 1999
• Sequence Number: 6
• Publication Date: June 9, 1950
• Content Type: REPORT

25X1A2g
Sanitized - App k4W:p; DP82-O ZRIO
U'' A 'INN E'P"IT CO NO.
!N t ': U.'a j DATE Oi rR. JL'+?I 50
':J JEC Soviet 1;3.1itazr Bank Taken Over
.ACE
x". U1RED
OF
25X1X6
Liquid Assots of USIA Firm
25X1A6a
NO. OF PAGES 1.
NO. OF ENCLS~
(IiSTED BELOW)
SUPPLEMENT TO
25X1 X6 REPORT NO.
The Soviet l' it.ary Bank r; et_;enft l oa tiered " ertrieb von Baumaterial.iefl""
Vienna :i Ar ;erxtjraie 'strasse 26, a Soviet-controlled film, ad ruinisterf d
`3y IJS 4 ? Construction and Bu.i i d ing Ma ter a:.~ J, 3.rai r~~stration , to turn over
all of its liquid assets in the forrrs of a draft to the Dank within a period
of 24 hours, "Ve;.=trieb von Saumate rial iell ; pr. omptly transferred assets
valued at a total of 2,300f'000 Austrian echi:? lungs to the Soviet, 14tiitary
Rank, The following day,. this USIA firm has forced to borrow at a 3,,?:+ per
,cent rate of ir.teres`t a total of 60D,000 schilhirrgs r4hi.ch it required to
raz e a, current. financial obhigati.oncs
[t= :c.s reported that almost all of the Austrian firms nova controlled by the
oviets have been forced to s=urrender their liquid assets to the Soviot
Austrian buslr:essrnera have not. yet discerned the reasons beEhi
This document is hereby regraded to
CONFIDENTIAL in accordance with the
letter of 1a October 1978 from the
Director of Central Intelligence to the
/5'1`~` Z Qhe4OproVaWFor Re
Next Review Date: 2008
Date; --g.\ , , 1978_ By. ease : CIA-RDP82-00457R005000250006-7