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U.S. Will Not Cut Financial Aid For Armenia, Karabakh

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  • U.S. Will Not Cut Financial Aid For Armenia, Karabakh

    U.S. WILL NOT CUT FINANCIAL AID FOR ARMENIA, KARABAKH

    Interfax
    June 18 2009
    Russia

    The United States House appropriations subcommittee on foreign
    operations has decided to keep the $48-million financial aid for
    Armenia in its draft 2010 budget, the Armenian National Committee of
    America (ANCA) said on Thursday.

    Nagorno-Karabakh will be granted $10 million, it said.

    Moreover, both Armenia and Azerbaijan will receive $3 million each
    in military aid.

    This means that President Barack Obama's proposals to reduce economic
    aid for Armenia by 38% and to break the military aid parity in favor
    of Azerbaijan have been rejected, ANCA said.
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