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From Times Staff and Wire Reports
The Soviet Union’s top banker said in Basel, Switzerland, that he favored asking the West for massive technical assistance rather than loans to help revive the country’s economy. Viktor Gerashchenko, chairman of the State Bank, also said he was sounding out Western export credit guarantee agencies about unprecedented debt rescheduling to give Moscow time to repay $5 billion in trade debts due this year. Gerashchenko said he was not sure if Soviet President Mikhail S. Gorbachev shared his views.
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