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US, Russia to extend aid to Armenia to tackle Georgia-Osset fallout

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  • US, Russia to extend aid to Armenia to tackle Georgia-Osset fallout

    Interfax, Russia
    Russia & CIS Military Newswire
    October 22, 2008 Wednesday 10:07 AM MSK



    U.S., Russia to extend aid to Armenia to tackle fallout after
    Georgian- Ossetian conflict

    YEREVAN Oct 22


    Armenia will get technical and financial assistance to remedy the
    economic damage inflicted by the Georgian-Ossetian conflict, Armenian
    Prime Minister Tigran Sargsyan said.

    "This issue was discussed at the meeting with U.S. Vice President Dick
    Cheney and Secretary of State Condoleezza Rice, at the meetings with
    International Monetary Fund (IMF) and World Bank representatives.

    Condoleezza Rice promised to extend us the necessary assistance. The
    IMF and World Bank also promised to render technical assistance, we
    have specific agreements with these organizations on extending
    financial aid to Armenia," Sargsyan said.

    The damage inflicted on Armenia was also discussed with Russian
    representatives during the visit of Russian President Dmitry Medvedev
    to Yerevan, he said

    "We have some concrete agreements with Russia including on financial
    and technical help. We hope that we shall be able to jointly implement
    them. Armenia has more than a thousand Russian enterprises with
    Russian capital and participation, some of these are vitally important
    for the Armenian economic system," Sargsyan said.

    Armenian losses because of the Georgian-Ossetian conflict have been
    assessed at $670 million.

    The U.S.-Armenian relations have entered a new stage of cooperation,
    he said. "When meeting with Condoleezza Rice, I got a signal that our
    relations entered a new stage of cooperation that exist between
    friendly nations. The sides will develop new programs and Armenia will
    receive considerable technical and financial aid," he said.

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