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Transportation Minister Comments On Armenian Companies Handed To Rus

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  • Transportation Minister Comments On Armenian Companies Handed To Rus

    TRANSPORTATION MINISTER COMMENTS ON ARMENIAN COMPANIES HANDED TO RUSSIA

    RosBusinessConsulting, Russia
    Oct 13 2005

    RBC, 13.10.2005, Erevan 17:57:16.Russia has not met requirements to
    utilize the capacities of Armenian companies handed to it to settle
    Erevan's state debt to Moscow, co-chairman of the Armenian-Russian
    intergovernmental commission for economic cooperation Igor
    Levitin, who is also Russian transportation minister, has told
    journalists. According to Levitin, a working group has been created and
    a protocol on enhancing the efficient operation of these companies has
    been signed. Russia has made no decision on whether these companies
    should produce civil or military goods, he added. In 2003, Armenia
    handed 5 companies estimated at USD93.7m to Russia.
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