ITAR-TASS News Agency, Russia
February 1, 2007 Thursday
Russia to invest heavy funds in Armenia’s energy – Putin
Russia will make heavy investments in Armenia’s energy sector,
President Vladimir Putin told an annual news conference on Thursday.
“Our relations with Armenia are very good, we cooperate in all
areas,” he said.
He recalled that “Russia sells fuels to Armenia at free market
prices adjusted to the value of assets it had acquired in Armenian
territory.”
“We plan to bring back to life those enterprises,” that Russian
companies acquired there, he said.
He pointed out that Russia “lays a gas pipeline from Iran to
Armenia, builds energy transmission lines in Armenian territory and
takes part in hydro-power projects.” “But it is not enough.”
At the Sochi meeting the Armenian president raised issues “on
building diamond cooperation,” Putin said. This also concerns value
added products and a debt settlement program.
“It is difficult to find such areas of cooperation, where our
problems would be unsettled,” he said.
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