LONDON -- Ukraine will make principal and interest payments starting Jan. 1 on its share of the external debt of the crumbling Soviet Union, said Boris Sobolev, deputy minister for foreign economic relations.

"We will pay principal as well as interest," Mr. Sobolev said. "In 1992 we have to pay $2.5 billion in debt service. This will endanger our economic reform, but has to be done."

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