Jewish companies are playing a major role in France’s participation in the Soviet Union’s industrial development. An accord signed last week on the 50th anniversary of the Vneshtorgbank–the Soviet bank of exterior commerce–was led by Lazard Freres of Paris. The agreement was a $250 million loan by a group of Western banks to Soviet industry. The group of banks included the Banque Nationale de Paris, the Morgan Guaranty Trust of New York, the Royal Bank of Canada of Montreal, the Credit Suisse, and others, to a total of 45.
Visitors to the 1980 Moscow Olympics will have a choice of four spanking new de luxe hotels three in Moscow and one in Leningrad, which will be built by the Paris company, Finatec S.A. Finatec is a subsidiary company of Lazard Freres. As for the construction of 100 other hotels planned by the Soviet government to be built by 1980, a Jewish contractor by the name of Jean-Claude Aaron, will be responsible for overall planning of the architecture and subcontracting.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
