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Russia Seizes Subsoil Of Armenia And Karabakh From Oligarchs

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  • Russia Seizes Subsoil Of Armenia And Karabakh From Oligarchs

    RUSSIA SEIZES SUBSOIL OF ARMENIA AND KARABAKH FROM OLIGARCHS

    The parliamentary hearing called by Vardan Aivazyan to discuss issues
    relating to the subsoil was a signal of a big redistribution of
    property. Most probably, this is related to Serzh Sargsyan's decision
    on joining the Customs Union, which was followed by new processes in
    both the Armenian economy and politics.

    The Armenian economy used to be largely "Russian" but it has been
    diversified over the past few years. Both local oligarchs and
    some major western investors have emerged. Now apparently both the
    western companies and oligarchs are ousted by Russian and pro-Russian
    businesses.

    Recently a Russian company has been said likely to mine in Kajaran.

    The people of the villages adjacent to the mine were said to oppose,
    and Vardan Aivazyan has been asked to call the hearings to deprive
    the Council of Elders of the village of not only a voice but also
    the right to dividends.

    The Armenian subsoil is exploited uncaringly and without observing
    environmental requirements. The national wealth is extracted from
    soil and run into the pockets of a group of people whom more Russian
    companies will be joining. Unlike the Western companies, which cherish
    public opinion, Russian companies tend to walk across the society.

    The process of active exploitation of mines has affected Karabakh as
    well. The region of Karvachar has been dug far and wide. A new road is
    being built between Karvachar and Sotk to facilitate transportation of
    ore from the mine to the enrichment facility. NKR deputy prime minister
    Arthur Aghabekyan thinks that soon mining will comprise 10% of the GDP.

    Whose pockets will the astronomical profits from mines in Armenia
    and Karabakh go to? Experts say that the Armenian exports to Europe
    are dominantly the products of mining industry. They say that after
    Armenia joins the Customs Union, customs duties will rise, and the
    cost price of products exported to Europe will grow respectively. Or
    not, in case the Russian companies export those products, which means
    that mining in Armenia will be dominated by the Russians.

    The Russian parliament is likely to draft a law enabling the
    government to protect Russian economic interests abroad. "The law
    would vest in the head of state the right to undertake answering
    steps where appropriate without additional agreements and resorting
    to "fig leaves" in case of anti-Russian political actions aimed at
    discrimination of Russian economic interests," the information note
    on the draft law states.

    It means that Russia reserves the right to take "adequate steps"
    in case the Armenian state or one of the local oligarchs and western
    companies wishes to end the monopoly of Russian companies and promote
    its own interests. So why are you calling occupation integration?

    Naira Hayrumyan 14:40 11/10/2013 Story from Lragir.am News:
    http://www.lragir.am/index/eng/0/country/view/31079

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