UKRAINE WILL PAY GAZPROM WITH STATE BONDS.

Gazprom spokesmen told Moscow television May 10 that Ukraine will pay its bills to the Russian energy concern by issuing new state bonds. This step–announced as President Clinton heads for Kiev–would put Russian gas deliveries to Ukraine on a “strictly dependable” basis, the energy giant claimed. But it could also give Gazprom and hence Moscow the basis for a claim on Ukrainian assets should Kiev adopt positions that the Russian authorities do not like.

Armenia Frees Azerbaijani POWs.