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U.S. sanctions against Russian banks will not affect their Armenian
subsidiaries - businessman says
YEREVAN, July 31. / ARKA /. A prominent Armenian businessman called
today on Armenia's business community to not be bothered by new U.S.
sanctions against Russia targeting its energy, banking and defence
sectors.
Arsen Ghazaryan, the chairman of the Union of Industrialists and
Entrepreneurs, said to reporters that VTB Bank (Armenia) and
Areximbank -Gazprombank Group, two local Russian-owned banks are
under the jurisdiction of Armenia, although their main offices are in
Russia.
"They work under the laws of Armenia, get profit and pay taxes here," he said.
Earlier the U.S. Embassy in Armenia provided more details to Armenian
government and local companies about sanctions imposed by Washington
against Russia over the Ukrainian crisis. -0-
- See more at: http://arka.am/en/news/economy/u_s_sanctions_against_russian_banks_will_not_affec t_their_armenian_subsidiaries_businessman_says/#sthash.QjUrfTyx.dpuf
From: Baghdasarian
subsidiaries - businessman says
YEREVAN, July 31. / ARKA /. A prominent Armenian businessman called
today on Armenia's business community to not be bothered by new U.S.
sanctions against Russia targeting its energy, banking and defence
sectors.
Arsen Ghazaryan, the chairman of the Union of Industrialists and
Entrepreneurs, said to reporters that VTB Bank (Armenia) and
Areximbank -Gazprombank Group, two local Russian-owned banks are
under the jurisdiction of Armenia, although their main offices are in
Russia.
"They work under the laws of Armenia, get profit and pay taxes here," he said.
Earlier the U.S. Embassy in Armenia provided more details to Armenian
government and local companies about sanctions imposed by Washington
against Russia over the Ukrainian crisis. -0-
- See more at: http://arka.am/en/news/economy/u_s_sanctions_against_russian_banks_will_not_affec t_their_armenian_subsidiaries_businessman_says/#sthash.QjUrfTyx.dpuf
From: Baghdasarian