Page:President's Daily Brief (1974-02-26).pdf/8



Iraq–USSR : the USSR has supplied FROG rockets - - unguided tactical missiles - - to Iraq. One such rocket, together with support equipment and resupply vehicles, was identified at a military installation about 45 miles south of Baghdad.

USSR :

Libya – Eastern Europe : Libya has concluded agreements with Eastern Europe which could raise its direct oil exports to that area to 140,000 barrels per day this year - - double the amount shipped in 1973. Poland and Romania signed long-term agreements with Libya this month - - and Czechoslovakia reached a five-year agreement - - to secure oil on a barter basis. Hungary and Bulgaria arranged last month for relatively small amounts of oil to be delivered this year. These shipments would represent less than 10 percent of Libya’s probable oil exports for 1974.

Romania : Romania has decided to cut back industrial growth - - now the highest in Eastern Europe - - in favor of consumer production and agriculture in its five-year plan for 1976 to 1980, now apparently being drafted. President Ceausescu, who announced this radical change from present policy in a recent interview, obviously sees a political need to improve the lot of the consumer. An economic rationale may be anticipated balance-of-payments problems caused by large imports of machinery and equipment. 4