From the NY Times - April 1990
"In the largest deal ever between an American corporation and the Soviet Union, Pepsico expects to sign an agreement today to barter Pepsi-Cola for ships and vodka. The accord is valued at more than $3 billion.
The expected deal will greatly expand Pepsi-Cola's availability in the Soviet Union. And for the first time, Pepsico will take out its profits not just in Stolichnaya vodka, but in oceangoing freighters and tankers as well.
Since 1974, Pepsico has shipped its soft-drink syrup to the Soviet Union, made it into cola and sold the bottled product, taking out its profits in Stolichnaya, which is sold through a third party in the United States. Under the new deal, the Soviet Union will trade at least 10 tankers and freighters, ranging in size from 28,600 tons to 65,000 tons, with a total value of more than $300 million."
"In the largest deal ever between an American corporation and the Soviet Union, Pepsico expects to sign an agreement today to barter Pepsi-Cola for ships and vodka. The accord is valued at more than $3 billion.
The expected deal will greatly expand Pepsi-Cola's availability in the Soviet Union. And for the first time, Pepsico will take out its profits not just in Stolichnaya vodka, but in oceangoing freighters and tankers as well.
Since 1974, Pepsico has shipped its soft-drink syrup to the Soviet Union, made it into cola and sold the bottled product, taking out its profits in Stolichnaya, which is sold through a third party in the United States. Under the new deal, the Soviet Union will trade at least 10 tankers and freighters, ranging in size from 28,600 tons to 65,000 tons, with a total value of more than $300 million."
