The completion of negotiations for the purchase by Israel of 750,000 barrels of Soviet oil in exchange for Israeli citrus products and bananas was announced by the Moscow radio last night. The broadcast quoted Dr. Zev Argaman, economic counselor to the Israeli Foreign Ministry, who concluded the negotiations in Moscow, to the effect that the arrangements were “very satisfactory.”
The London press, commenting on the two-month long Israel-Soviet trade talks, held out the possibility of Israel accepting Russian crude oil to replace Venezuelan oil which it is now receiving, at least to the maximum extent of the barter agreement. They pointed out, too, that the USSR is now Israel’s second best customer for citrus fruit, after Britain.
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