HC Deb 06 July 1981 vol 8 cc22-3W
Mr. Teddy Taylor

asked the Lord Privy Seal what estimate he has made of the profit made by the Soviet Government through their trading and retail operations by selling imported EEC foodstuffs and wine to its consumers at prices in excess of the import prices; and if he will make a statement.

Sir Ian Gilmour

It is not possible to estimate what profit, if any, the Soviet Government make on the sale of European Community foodstuffs and wine. The Soviet Government pay for these products in hard currency, but sell them for roubles and there is no reliable exchange rate .

Nor do we know what costs are incurred by the Soviet Government for the storage and internal distribution of these goods.