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Russia's GAZ to receive 16 Billion Rubles in State Guarantees

Russian truck maker GAZ will soon receive state guarantees worth 16 billion rubles ($290 million), Trade Minister Denis Manturov said on Thursday.

"The state guarantees for GAZ are in the end stage. That is that all the necessary measures … have been taken. The company will receive these guarantees soon," he told reporters on the sidelines of a retail conference in Moscow.

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