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Newswire

Russia offers bond guarantees for carmakers

MOSCOW, March 30 (Reuters) - Russia will guarantee bonds issued by its cash-starved auto industry and subsidise coupon payments to help them raise cash without dipping into government coffers, Industry Minister Viktor Khristenko said on Monday.

He added that the government wanted to simplify the process of issuing debt papers for key carmakers. (Reporting by Anton Doroshev; writing by Melissa Akin; editing by Dmitry Zhdannikov)