Commission Regulation (EEC) No 3426/91 of 26 November 1991 laying down detailed rules for the implementation of the credit guarantee of ECU 500 million for exports of agricultural products and foodstuffs to the Soviet Union

COMMISSION REGULATION (EEC) No 3426/91  of 26 November 1991  laying down detailed rules for the implementation of the credit guarantee of ECU 500 million for exports of agricultural products and foodstuffs to the Soviet Union
THE  COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 599/91 of 5 March 1991 introducing a credit guarantee for exports of agricultural products and foodstuffs from the Community, Bulgaria, Czechoslovakia, Hungary, Poland, Romania, Yugoslavia, Lithuania, Latvia  and Estonia to the Soviet Union (1), as last amended by Regulation (EEC) No 3281/91 (2), and in particular Article 5 thereof,
Whereas Council Regulation (EEC) No 599/91 provides for the guarantee to cover not only contracts for supply of agricultural products and foodstuffs between the Soviet Union and undertakings in the Community, but also contracts between the Soviet Union  and undertakings in Bulgaria, Czechoslovakia, Hungary, Poland, Romania, Yugoslavia, Lithuania, Latvia and Estonia;
Whereas the possibilities for deliveries under the credit guarantee from Bulgaria, Czechoslovakia, Hungary, Poland, Romania, Yugoslavia, Lithuania, Latvia and Estonia requires a decision as regards the amount up to which the credit may be used for  purchases in these countries;
Whereas the availability for export in the countries concerned of the relevant agricultural products and foodstuffs shall be specifically taken into account when fixing the share that may be used for the said purchases;
Whereas the deliveries from these countries shall cover to the widest extent possible the products which are listed in the Annex to the Agreement in the form of an exchange of letters between the European Economic Community and the Union of Soviet  Socialist Republics on a credit guarantee for exports of agricultural products and foodstuffs to the Soviet Union (3);
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Soviet Union Credit Guarantee Committee,