Russia

The Bush Administration is finding mut how tough it is to do business in the former Soviet system. The U.S. wants to sell $650 million worth of badly needed grain at bargain prices. But before that sale can go forward, Vnesheconombank, Moscow's official foreign-trade bank, has until Feb. 1 to pay up for U.S. grain already shipped. Trouble is, the bank has frozen most hard-currency assets and has itself become all but moribund. A Jan. 13 announcement said a new Russian bank would take over most of its functions.

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