30 May 1991
Page 1
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 30, 1991
Page
1
Moscow moved toward economic liberalization to attract Western aid with a bill allowing wholly owned foreign firms to operate in the USSR. The 291-11 vote aims to privatize parts of the economy and invite foreign expertise, tech, and capital amid a looming industrial renewal and possible privatization measures for workers.
The Bush administration plans to extend for a year the Soviet Union score legal eligibility for bank and agricultural credits as it weighs how far to go to aid Gor by revamping his faltering economy. If Congress does not disapprove the move could spur a new trade pact with Moscow and ease barriers on Soviet exports. Gorbachev has sought 100 billion in aid from the democratic world arguing a Soviet recovery would bolster global security. Bush will receive Friday a report on perestroika from Primakov and other Soviet officials.
An EPA official indefinitely delays release of a report asserting 53000 annual tobacco related deaths among nonsmokers, including 37000 from heart disease. The document, prepared as an informational cross agency review, faced industry lobbying and questions of official EPA approval and validity.
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