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USDA also announced the availability of $200 million in credit guarantees 

 under the GSM-102 program in connection with sales to Ukraine during fiscal 

 1993, of which $70 million was made available in October 1992. Because Ukraine 

 remains jointly and severally liable for the arrearages of the former Soviet 

 Union, USDA has not made operational any of the remaining $130 million in credit 

 guarantees allocated for the FY 1993 GSM-102 credit guarantee program in 

 connection with sales to Ukraine. 



Export Enhancement Program 



As it became clear that the credit guarantee program was no longer 

 appropriate for many countries of the former Soviet Union, or capable of meeting 

 the full demand of Russia and Ukraine, we began to look for other ways to 

 maintain exports outside the GSM-102 program. 



We have adapted our export subsidy programs to accommodate compensatory 

 forms of trade ~ barter, countertrade, offset arrangements, and escrow 

 accounts. 



