83 



-28- 



Since Russia's participation in the CCC credit guarantee program was 

 suspended, the pace of U.S. exports to Russia has slowed dramatically. 

 Secretary Espy has stressed that this administration places top priority on 

 resolving the purchasing problems of Russia and Ukraine, so that we can resume 

 shipments to these important customers. 



The Secretary has stated that the Department is reviewing several options. 

 The options under discussion include the following: 



expanding the Food for Progress program for the sale of commodities on 

 credit terms to the FSU. 



utilizing the Public Law 480 Title I program for Russia and the rest 

 of the FSU where concessional credit could be extended to the FSU on a large 

 scale. 



using barter as a means to assist the Russians and supplement other 

 means of supplying commodities to Russia. 



restarting GSM-102 credit guarantees. 



using of other CCC credit programs, which also apply the 

 creditworthiness criteria of the credit guarantee programs. 



