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Russia, Armenia: economic ties to rise to political contact level

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  • Russia, Armenia: economic ties to rise to political contact level

    RIA Novosti, Russia
    July 13 2004

    RUSSIA-ARMENIA: ECONOMIC TIES TO RISE TO POLITICAL CONTACTS' LEVEL,
    SAYS FRADKOV


    MOSCOW, July 13 (RIA Novosti) - Bilateral problems related to Russian
    capital investment in Armenia will soon be settled, reassured Mikhail
    Fradkov, Russia's Prime Minister. He was addressing the media to sum
    up Moscow negotiations with Andranik Margaryan, his Armenian
    counterpart.

    A recent arrangement envisages Armenia paying its foreign debt in
    kind, with government companies privatized in Russia's favor. Russia
    is to respond with capital investment in the Armenian economy-but is
    marking time. A reporter asked Mr. Fradkov why. "The matter needs
    in-depth studies, promotion and coordination between involved
    companies-but it will be settled quite soon. We [Russians] are
    interested in buying up more projects. The issue is certainly not
    exhausted by far," he replied.

    As for today's agenda, it involved a wide range of commercial,
    investment and other aspects of bilateral economic contacts.

    "The intergovernmental commission will gather for its nearest session
    within the year to discuss economic, humanitarian and
    military-technological partnership, and Armenia's prospects to pay
    its debt by ceding property to Russia, its creditor.

    "We have reserves which we have not used up, and are in duty bound to
    raise bilateral economic contacts to the level of what we have in
    politics."

    Russia is interested in updating military technologies it has
    exported to Armenia. "Our military-technological partnership is
    gaining momentum. Russian higher educational establishments are
    training the Armenian military, and either Party is eager, and able
    to make the links ever closer as Russia updates its previous
    military-oriented exports to Armenia, and supplies spare parts.

    "Gas-industrial contacts are also making dynamic progress. A related
    cooperation agreement will be ready within a few days."

    Both countries' interests lie not merely in fuel and power supplies
    but spreading them to third countries' markets, Mr. Fradkov went on.

    Russia is enthusiastic about the Russian language use increasing in
    Armenia. Its tuition spectacularly improves. Russia is eagerly
    helping-in particular, with study book donations. A total of 55,000
    copies came in within the preceding two years alone. Armenia
    presently has 65 secondary schools with extended Russian language
    curricula, plus fifty Russian language classes: Armenians need a
    working command of Russian as bilateral relations are ever improving,
    said Mikhail Fradkov.

    Andranik Margaryan, too, highlighted his country's great public
    respect for the Russian language. "Armenian-Russian economic ties
    help to improve language tuition, which life itself has made a must,"
    he stressed.

    An intergovernmental agreement on educational partnership was signed
    today, following the prime-ministerial negotiations.

    From: Emil Lazarian | Ararat NewsPress
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