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‘financial Times’ Says Nasser Expected to Seek More Soviet Economic, Military Aid

July 1, 1968
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The Financial Times reported over the weekend that when President Nasser of Egypt visits Moscow next month he is expected to ask for more Soviet economic and military assistance. But Russia has indicated that it has given Egypt all the economic said it can spare, the paper said. According to the Financial Times, the Egyptians are not convinced by the Soviet arguments especially as, the paper said, they are being tempted by aid offers from the United States, In that connection, the Times noted that Robert McNamara, president of the World Bank and former United States Secretary of Defense, is due in Cairo early next month to make offers of assistance to Egypt’s faltering economy. If Egypt accepts World Bank credits through Mr. McNamara, it may find it difficult to continue to refuse to resume diplomatic relations with Washington, another matter that Nasser will bring up with the Soviet leaders, the Financial Times said.

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