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08/24/1998 19:14:16 Russia PM agrees debt restructure, terms on Tuesday

MOSCOW, Aug 24 (Reuters) - Russian Prime Minister Viktor

Chernomyrdin has agreed to a proposed plan for a key

restructuring of the short-term debt market and precise terms

are to be announced Tuesday, a government source said on

Monday.

"Having heard the report of the members of the working

group (on the debt restructuring), Viktor Chernomyrdin approved

the suggested plan," the government source told Reuters.

"The terms for repaying GKO (T-bills) and OFZ (bonds) will

be announced on August 25, 1998 after the necessary regulatory

documents have been signed," the source added.

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