SOVIET HARD CURRENCY EARNINGS (1975-1981)

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85M00366R000200040010-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 7
• Document Creation Date: December 20, 2016
• Document Release Date: January 31, 2008
• Sequence Number: 10
• Publication Date: January 27, 1982
• Content Type: REPORT

Approved For Release 2008/01/31 : CIA-RDP85M00366R000200040010-6
0
TRANSMITTAL SLIP
DATE
29 January 1982
TO: U'~[
`Y
ROOM NO.
ILDING
REMARKS.
FROM:
SOVA/SE/T
i FEB O 241 REPLACES FORM 3~
WHICH MAY BE USED.
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STAT
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10
MEMORANDUM FOR: THE RECORD
. 901-44,
The attached tables were prepared
in support of the DCI's worldwide
Congressional Briefing.
iet Economy Division
S
ov
Office of Soviet Analysis
FOR
5 101 USE PREVIOUS
5-7
Distribution: SOV M 82-10019
Original & 1-Addressee
1-D/SOVA
1-DDI Action Staff
1-SA/DCI
1-EA/DCI
1-Senior Review Panel
5_CCO/IMD/cB
1-DD/SOVA
1-D SE
1-0tr. 01 airm-ul/NIC
1-NIO/Econcnics
1-NIO-at Large
1-NIO/USSR-EE
1-SOVA/PS
1-SOVA/ES
1-SE/T
Date 27 January 1982
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 Approved For Release 2008/01/31: CIA-RDP85M00366R000200040010-6
SECRET
Soviet Hard Currency Earnings
(1975-1981)
Exports
of which:
Oil
Non-oil fuels
Other
Net Services
and transfers
1975
7,838
1976 1977 1978
9,721 11,345 13,157
3,176 4,514 5,275 5,716
711 717 925 1,102
3,951 4,490 5,145 6,339
190 187 184
750 1,361 1,597
1,200 1,500 1,500
1979
19,549
9,558
1,717
8,274
199 281
2,522 1,490
1,700 5,500
(Million US $)
1980
19811
23,498
23,900
12,028
11,500
3,067
3,400
8,403
9,000
190 150
1,780 2,000
3,300 5,000
Total foreign
exchange earnings 9,978 12,769 14,626 17,578 26,820 28,768 31,050
(Arms as a percent
of total earnings) (12%) (12%) (10%) (10%) (20%) (11%) (16%)
1 Estimated
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0 SECRET 0
USSR? Estimated Hard Currency Receipts and Expenditures, 1981
. (Billion US $)
38.4
Expenditures
30.0
Merchandise imports
3.0
Principal repayments
2.0
Interest
2
3.4
Errors and omissions (net)
38.4
Receipts
23.9
Merchandise
exports
1.0
Invisibles
and tranfers (net)
0.9
Interest
5.0
Arms sales
2.0
Gold sales
t
5.6
Financing, net
Change in both liabilities to and assets with Western creditors.
2 Includes Soviet hard currency assistance to Poland and credits
extended to finance exports such as oil to European customers and
machinery to LDCs.
25 January 1982
Trade Branch (SOYA)
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SECRET
USSR: Hard Currency Debt to the West
0
Projected
6
1977
1978
1980a
1981
1971
1975
197
Commercial debt
(of which US)
Government-backed
debt
(of which US)
400
1,400
6,900
3,600
9,700
5,200
9,800
5,900
9,500
7,000
10,500
7,800
10,000
8,200
0
10,800
(670)
8 , 500
(420)c
300
19
Gross debt
(of which US)
1,800
10,500
14,900
15,700
16,500
18,300
18,20
,
(1,090)
Assets with
100
700
4
4,500
6,000
8,800
8,600
7,000
Western banks
1200 3,
,
,
300
12
600 7,400
10,200
11,200
10,500
9,500
9,600
,
Debt service
300 1,800
2,300
3,100
4,100
4,000
4,900
5,000
Debt-service
ratio (percent) b
10 18
17
19
21
15
16
15
a Preliminary.
b Debt service as a percentage of export earnings plus sales of arms,
gold, interest receipts, invisibles, and transfers.
o Excluding $650 million in outstanding Lend-Lease debt (no replacements have been made
since mid-1970's)-
25 January 1982
Trade Branch (SOYA)
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S
USSR: Hard Currency Merchandise Trade
1980
19811
23,498
23,900
15,096
15,100
Fuels
12,028
11,500
Crude oil and oil products
2,706
3,400
Natural gas
362
200
Coal and coke
8,403
8,800
Non-Fuels
1,388
N.A.
Machinery and equipment
1,476
N.A.
Wood and wood products
765
N.A.
Chemicals
4,774
N.A.
Other
1980
1981
26,017
30,000
8,800
12,500
Agricultural products
4,400
6,500
Grain
4,400
6,000
Other
500
17
17,217
,
Non-agricultural products
6,039
N.A.
Machinery and equipment
3,469
N.A.
Ferrous metals
1,565
N.A.
Chemicals
700
N.A.
Crude oil
5,444
N.A.
Other
1 Estimated
25 January 1982
Trade Branch (SOYA)
SECRET
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? SECRET 0
Yamal Gas Pipeline: Estimated Net Receipts
(Billion US $)
1
85
1986
1987
1988
29
199
81
1
1982
1983
1984
9
W
9
Yamal pipeline)
5
7
7
7
Gas sales 0
0
0
0
0
5.1
2
5.1
2
0
5.3
6
2
.
2.4
.
1.9
Downpayments 0
0.3
0.3
0.3
0.6
0.
.
.
Repayments and
15
0
2
2.2
0.1
0.1
0
0
0
0.5
0.7
.
.
rest on credits
t
i
.
e
n
Net receipts 0
-0.6
-0.8
-1.0
-2.1
2.9
2.7
2.6
5.0
5.8
Receipts from sales
of oil, gas, gold,
and arms
1 Projections are based on the USSR's building a dual-line system in two stages with the
lines to begin operation in 1986 and 1989, respectively.
25 January 1982
Trade Branch (SOYA)
Approved For Release 2008/01/31: CIA-RDP85M00366R000200040010-6