RosBusinessConsulting Database
July 13, 2004 Tuesday
PM on Armenian debt to Russia
Problems of transferring shares in Armenian enterprises to Russia in
repayment of the Armenian state debt to Russia will be solved in the
near future, Russian Prime Minister Mikhail Fradkov made a
corresponding statement after negotiations with his Armenian
counterpart Andranik Markarian.
At the same time, according to Fradkov, Russia and Armenia are not
using their potential in terms of economic cooperation to full
extent. In this connection, the Russian Prime Minister pointed out
that the next meeting of an intergovernmental commission would take
place by the end of 2004.
As reported earlier, an agreement on transferring shares in Armenian
enterprises to Russia in repayment of the Armenian state debt to
Russia, which amounts to $93m, was singed in 2002.