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Chapter 522 - 95: The Era of Great Mergers
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... contracts with the Russians were no longer prepared to honor their agreements.
Openly breaching the contract was definitely not an option, as it would not only violate British law but also involve diplomatic issues.
Moreover, these payments for grain were to be used to repay the Russians’ debts to domestic banks. Since the initial loans had been disbursed, if they breached the contract, the Russians could also legally default, which the bankers would certainly not accept.
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