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US Embassy urges Armenian businessmen to refrain from contacts with
Russian companies
by Arthur Yernjakyan
Thursday, July 31, 15:36
The Embassy of the United States in Armenia has sent Armenian
businessmen messages urging them to refrain from contacts with Russian
companies as this implies additional reputational risks, President of
the Union of Manufacturers and Businessmen of Armenia Arsen Kazaryan
told journalists on Thursday.
He said that such messages are being distributed all over the world.
"Let's not panic. I don't think our companies will suffer in any way.
Our subsidiaries of Russian banks cannot be affected by the sanctions
as they are separate legal entities, earning money and paying taxes in
the territory of Armenia. Our businessmen have not frozen their plans,
are not worried about the sanctions and continue working as usually,"
Kazaryan said, noting that Armenia is interested in improved relations
between the world community and Russia.
In its message the US Embassy calls on all companies to consider the
reputational risks they may face as a result of joint business with
sanctioned physical and legal entities from Russia and to stop any
contacts that are contrary to the sanctions imposed by the United
States and other countries. The Embassy warns that non-Russian
companies may also face sanctions if they provide material support to
sanctioned companies and individuals.
http://www.arminfo.am/index.cfm?objectidÛBFDEE0-18A6-11E4-A2D60EB7C0D21663
Russian companies
by Arthur Yernjakyan
Thursday, July 31, 15:36
The Embassy of the United States in Armenia has sent Armenian
businessmen messages urging them to refrain from contacts with Russian
companies as this implies additional reputational risks, President of
the Union of Manufacturers and Businessmen of Armenia Arsen Kazaryan
told journalists on Thursday.
He said that such messages are being distributed all over the world.
"Let's not panic. I don't think our companies will suffer in any way.
Our subsidiaries of Russian banks cannot be affected by the sanctions
as they are separate legal entities, earning money and paying taxes in
the territory of Armenia. Our businessmen have not frozen their plans,
are not worried about the sanctions and continue working as usually,"
Kazaryan said, noting that Armenia is interested in improved relations
between the world community and Russia.
In its message the US Embassy calls on all companies to consider the
reputational risks they may face as a result of joint business with
sanctioned physical and legal entities from Russia and to stop any
contacts that are contrary to the sanctions imposed by the United
States and other countries. The Embassy warns that non-Russian
companies may also face sanctions if they provide material support to
sanctioned companies and individuals.
http://www.arminfo.am/index.cfm?objectidÛBFDEE0-18A6-11E4-A2D60EB7C0D21663