+ Trade and Economic Relations

The USSR was the largest market for Canadian grain, and Canadians sought to diversify exports to the Soviet Union. For instance, Canada’s oil exploration and extraction techniques—developed to cope with its own harsh climate—seemed well-suited to the oil and gas fields in the Soviet Caspian basin and the High Arctic. Perestroika aroused the interest of Canadian companies and sparked a flurry of joint venture agreements.

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RG25-A-4, Vol. 25388, File 20-CDA-9-PM-EUR/E