ARMENIAN PARLIAMENT VOTES DOWN MP BAGRATYAN’S OFFSHORE MINING BILL
Grisha Balasanyan
Earlier today, the RA National Assembly voted down a bill introduced by
HAK MP Hrand Bagratyan seeking to regulate the operations of offshore
companies in Armenia’s mining sector.
Those in opposition were the majotity Republican Paryy and its junior
partner, Rile of Law. Those voting in favour were the Heritage Party,
ARF, HAK and Prosperous Armenia.
The bill would has banned companies registered off-shore from operating
mines in Armenia, in addition to prohibiting companies from exporting
ore and finished products to companies registered offshore as of
January 1, 2014.
The bill would have also banned companies in Armenia’s mining sector
from purchasing equipment, technologies, raw materials, financial
and other services from offshore registered companies.
From: Baghdasarian
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