No American businessman in his right mind would make such a deal if the American taxpayer were not standing by to bail him out in the inevitable event of a Soviet default. As I have indicated above. however. we need more than MillsVanik alone. If the Soviets were to allow all of the Soviet Jews and others who want to emigrate to leave tomorrow. I would still be concerned about the fact that Soviet currency is not convertible into the socalled hard Western currencies. I would demand that the Soviets pay for whatever nonstrategic commodities we might sell to them in gold. timber. or other commodities which the Soviets produce and which we sorely need.
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