GOVERNMENT REACHES DEBT RESTRUCTURING AGREEMENT.

The Russian government and Central Bank reached an outline agreement in Moscow yesterday with representatives of Russian and foreign investors on restructuring Russia’s domestic debt. Russia effectively defaulted when, in mid-August, it declared a partial freeze on its debt repayments. Details of the agreement were not immediately available, but Finance Minister Mikhail Zadornov said last night that it would ensure that foreign investors were not discriminated against (Russian agencies, September 29).

VLADIVOSTOK ELECTIONS PLAGUED BY SCANDAL.