FOREIGN DEBTS.

According to an analysis by the Central Bank of the nation’s balance sheet for the first half of 1995, Russia for the first time has begun to improve servicing of its foreign debt. Russia reportedly met its obligations concerning its post-1991 debts and paid $1.8 billion. In addition, it managed to repay part of the debts of the former USSR. The Bank estimates that Russia will receive some $2.3 billion in export profits for the first half of 1995 which it will use for improved servicing of its foreign debts. (4)

GM-ELAZ Auto Production Agreement.