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. Last Updated: 07/27/2016

Notes to Alleviate Debt

MOSCOW () -- A special government commission has prepared a draft resolution designed to alleviate Russia's massive mutual debt crisis through the issuance of government promissory notes, a news agency reported Wednesday.

Under the resolution, enterprises would be able to use the 90-day notes to pay for goods and services already delivered, Interfax reported.

Interfax said that the commission, formed earlier this month under First Deputy Prime Minister Oleg Soskovets, would submit the draft resolution to the government Friday. The notes have been printed, the news agency said.