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PM on Armenian debt to Russia

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  • PM on Armenian debt to Russia

    RosBusinessConsulting Database
    July 13, 2004 Tuesday

    PM on Armenian debt to Russia


    Problems of transferring shares in Armenian enterprises to Russia in
    repayment of the Armenian state debt to Russia will be solved in the
    near future, Russian Prime Minister Mikhail Fradkov made a
    corresponding statement after negotiations with his Armenian
    counterpart Andranik Markarian.

    At the same time, according to Fradkov, Russia and Armenia are not
    using their potential in terms of economic cooperation to full
    extent. In this connection, the Russian Prime Minister pointed out
    that the next meeting of an intergovernmental commission would take
    place by the end of 2004.

    As reported earlier, an agreement on transferring shares in Armenian
    enterprises to Russia in repayment of the Armenian state debt to
    Russia, which amounts to $93m, was singed in 2002.
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