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Baltic Gold Could Be Headed Home

August 27, 1991|Reuters

PARIS — Lithuania will reclaim gold deposited in the vaults of France's central bank before it was annexed by the Soviet Union in 1940, a Lithuanian official in Paris said Monday.

France has 2.2 tons of Lithuanian gold, worth $25 million, and one ton of gold from Latvia, French Foreign Ministry sources said.

The bullion, deposited in France between 1926 and 1932, when the Baltic countries of Latvia, Lithuania and Estonia were sovereign states, remained there when they were annexed by the Soviet Union in 1940.

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