GORBACHEV TRIES TO SALVAGE SOVIET ECONOMY

Soviet President Mikhail Gorbachev late last month moved boldly to prop up the U.S.S.R.'s ailing petroleum industry during the near term by using a carrot and stick approach. Meantime, he is seeking a huge infusion of western money to improve long term energy production prospects. A Kremlin decree signed by Gorbachev said drastic action is required at once to prevent further deterioration of conditions in basic branches of the national economy.

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