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Iran's deals via Armenia not realistic-economist

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  • Iran's deals via Armenia not realistic-economist

    Iran's deals via Armenia not realistic-economist

    news.am
    August 21, 2012 | 22:41


    YEREVAN. - It is hardly realistic to speak about the financial deals
    of Iran carried out through Armenia to bypass the international
    sanctions, economist Tatul Manaseryan told Armenian News-NEWS.am
    commenting on the publication posted by Reuters.

    According to him, Armenia will hardly be able to replace the deals
    which Western banks carried out with Iran. In early August the British
    Standard Chartered bank was accused of making deals with Iran
    amounting to $250 billion, while the stocks of Armenian banks made
    only about $333 million last December.

    Besides, Armenia is dynamically developing relations with many
    countries, even with Turkey, it is hardly realistic to speak about any
    deviations from the international norms, the expert concluded.

    `Such developments will endanger Armenia's relationship with the
    developing and developed states. Armenia's relations with Iran were
    positively perceived by the world community. This is the reason that
    such projects as railway construction and gas pipeline, received no
    direct or indirect objection of the international community,'
    Manaseryan said.

    In an article `Iran looks to Armenia to skirt sanctions' Reuters cited
    the report by U.N. panel of experts that monitors compliance with the
    sanctions against Tehran. The report said Iran is seeking ways to
    bypass sanctions.

    `One state bordering Iran informed the Panel of requests from Iran to
    open new financial institutions,' the agency cited the report. The
    article said several diplomats familiar with the report confirmed the
    state is Armenia.

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