LONDON (Jun. 19)
A Soviet court today rejected the $2,400,000 damage claim brought by an Israeli oil company for an oil contract cancelled unilaterally by the Soviets during the Suez crisis.
The Israel company charged it contracted in 1956 to import several thousand tons of Soviet oil and that the Russian Government cancelled the contract later in the year. Soviet officials contesting the suit said the contract was junked because of Israel “aggression” against Egypt.