Foreign Trade of The Soviet Union - Banks

Banks

The Soviet Union controlled a number of banks abroad. The banks were used in foreign trade, espionage, money laundering and funding of Communist parties.

Examples:

  • Moscow Narodny Bank in London
  • Banque Commerciale pour l'Europe du Nord, also called Eurobank, in Paris
  • Garantie- und Kreditbank für den Osten in Berlin
  • Ost-West Handelsbank in Frankfurt
  • Wozchod Handelsbank in Zurich
  • Donau Bank in Vienna
  • East-West United Bank in Luxembourg

Read more about this topic:  Foreign Trade Of The Soviet Union

Famous quotes containing the word banks:

    Civilization is a stream with banks. The stream is sometimes filled with blood from people killing, stealing, shouting and doing the things historians usually record, while on the banks, unnoticed, people build homes, make love, raise children, sing songs, write poetry and even whittle statues. The story of civilization is the story of what happened on the banks. Historians are pessimists because they ignore the banks for the river.
    Will Durant (1885–1981)

    The more the data banks record about each one of us, the less we exist.
    Marshall McLuhan (1911–1980)

    I am not impressed by the Ivy League establishments. Of course they graduate the best—it’s all they’ll take, leaving to others the problem of educating the country. They will give you an education the way the banks will give you money—provided you can prove to their satisfaction that you don’t need it.
    Peter De Vries (b. 1910)