Ameriabank is the first in Armenia to place green bonds via public offering

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 17:43, 14 February, 2022

YEREVAN, FEBRUARY 14, ARMENPRESS. Ameriabank announces public placement of nominal, coupon, book-entry bonds with the total volume of USD 8 million and AMD 3 billion during the period from February 14 to April 22, 2022, inclusive. It is the first ever placement of green bonds via public offering in Armenia. 

The bonds’ maturity is 27 months, with the coupon rate of 3.5% for USD bonds, and – 9.5% for AMD bonds. The par value of the bonds is USD 100 and AMD 100,000. The coupon periodicity is 3 months.  

The proceeds green bonds will be used to finance “green assets” as per “Green Bond Framework”, which implies projects that provide clear environmental benefits and promote transition to low-carbon, climate resilient and sustainable economies. Committed to its strategy of managing environmental risks, Ameriabank is continuously increasing the green asset portfolio and funding of projects aimed at designing long-term sustainable solutions.

Please follow the links below for the program prospectus registered by the Central Bank, supplements thereto, and the final terms of issues:

for AMD bonds: here

for USD bonds: here

Potential investors can obtain the hard copies of the bond prospectus and supplements to it at the head office of Ameriabank CJSC (address: 2 Vazgen Sargsyan St., Yerevan, 0010, RA).

We would like to remind that Ameriabank was the first institution in Armenia to issue and place green bonds in 2020 via a private placement, with the total value of Euro 42 million.

 

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia with clearly formulated digital agenda. Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Based on 2021 results, Ameriabank is the market leader by all key financial indicators, with assets exceeding AMD 1 trillion.

Eurovision: Local media reports up and coming singer Rosa Linn will represent Armenia at Eurovision 2022

wiwibloggs
Feb 15 2022

Armenia last competed in Eurovision back in 2019 and little has been heard from them so far this season. However Armenian media is now reporting that upcoming singer-songwriter Rosa Linn will represent her country at Eurovision 2022.

Armenian news site Hraparak reports that Rosa Linn has been internally selected by broadcaster AMPTV. No further details of the Rosa Linn’s song for Turin are known, but the newspaper says that confirmation of Rosa Linn and her song will be revealed next month.

Otherwise known as Roza Kostandyan, upcoming singer-song Rosa Linn already has a Eurovision connection. She has been part of Nvak, Tamar Kaprelian‘s programme for young musical artists.

Rosa Linn is highly involved in her music. As well as singing and writing her songs, Rosa Linn is also involved with production. Last year FLAUNT magazine described her as Armenia’s “first woman music producer”.

Her official biography notes that while Rosa Linn was raised in a country that has seen plenty of conflict over the years, Rosa Linn has been left with “a predisposition for love in all its forms.” She believes that “it is her duty and purpose to spread as much love as she can.”

Rosa Linn released her debut single “KING” in September last year. The cool alternative R&B song was a collaboration with Rosa Lin and the American electro-pop artist KIIARA. “KING” features bilingual lyrics, with Rosa Linn effortlessly mashing up Russian and English — sometimes in the same sentence.

The music video has picked up over 240,000 views on YouTube, while on Spotify it’s enjoying over 480,000 listens.

Armenia last competed at Eurovision 2019, when the internally selected singer Srbuk performed “Walking Out”.

The following year, broadcaster ARMTV brought back national final Depi Evratesil. It was won by the Armenian-Greek singer Athena Manoukian, who was due to go to Eurovision 2020 with her song “Chains On You”. However, due to the contest being cancelled because of the pandemic, Athena did not realise her Eurovision dream.

Last year, after initially confirming for Eurovision 2021, broadcaster AMPTV later withdrew. The broadcaster explained their withdrawal as “considering the latest events, the shortness of production time as well as other objective reasons that make the proper participation of Armenia at ESC 2021 impossible.”

Armenia also withdrew from Junior Eurovision 2020. However, after returning to Junior Eurovision 2021, the country took home their second Junior Eurovision victory, with Maléna’s song “Qami Qami”.

Several villages in Armenia’s Gegharkunik Province are deprived of water due to Azerbaijan incursions

 NEWS.am 
Armenia – Feb 15 2022

A number of villages in Gegharkunik Province of Armenia have been deprived of water due to criminal incursions by Azerbaijan.

Human Rights Defender (Ombudsman) Arman Tatoyan and his staff visited Geghamabak, Jaghatsadzor, Norabak, Kut, and Sotk villages of Gegharkunik.

The ombudsman and his staff’s fact-finding work carried out in these villages is presented in the video above.

Country to Live party: ‘Shushi Declaration’ is undisguised threat to Armenia and Artsakh

 NEWS.am 
Armenia – Feb 15 2022

The “Shushi Declaration” signed between Azerbaijan and Turkey on June 15, 2021 in occupied Shushi, and then ratified by their respective parliaments, is an undisguised threat to Armenia and Artsakh [(Nagorno-Karabakh)], which officially confirms and reaffirms a hostile policy against Armenia and Armenians and ensuing actions deriving as a result. The Country to Live party of Armenia has noted this in a statement it released Tuesday. The statement continues as follows:    In particular, as before, the declaration now stipulates that the Artsakh issue is “resolved”, despite the statements of the OSCE Minsk Group Co-Chair countries that the issue of a comprehensive settlement of the status of Artsakh remains on the agenda of the OSCE Minsk Group. 

The agenda of forming a “one nation, two states” alliance of Turkic-speaking countries is enshrined as a strategic goal of Turkey and Azerbaijan, [and] moreover, the “Zangezur Corridor” is considered a priority in terms of achieving that goal, considered separate from the process of unblocking communications in the region.  The recent working group set up by the Ministry of Culture of Azerbaijan, which aims to once again eliminate and distort the Armenian cultural heritage at the state level, once again proves that we are dealing with retaliatory steps by antagonist countries, whose long-term goal is to place the region under the sole Turkish sphere of influence. 

At the same time, the Armenian government continues to push forward the agenda of opening an “era of peace” inadequate to these challenges, considering it exclusively a process of unblocking roads, when in fact we can only achieve peace after establishing  the inadmissibility of the use of force, the threat of force, the exclusion of hatred, propaganda of hostility at the state level, and the way of achieving the solution of problems in a constructive atmosphere of negotiations without preconditions. In this context, the foreign policy agenda should continue to be dominated by the Artsakh status agenda as a real guarantee of security and long-term stability. At the same time, it is necessary to develop and implement a clear reform policy strategy in the field of army building. 

The clearly destructive and presumptuous manner of conduct by Azerbaijan is not only left without an adequate response from the international community, but also indirectly is even  “encouraged”, especially when the international community seeks to equate the aggressor with the party affected by the aggression. The recent announcement of € 2 billion in EU aid to the authoritarian Azerbaijan raises a number [of] questions, including the EU’s commitment to democratic values and their promotion in the region.  As the above-mentioned issues have strategic importance in the context of building a real and lasting peace in our region, the “Country to Live” party is going to present its circumstantial concerns to the ambassadors accredited to Armenia and international representations, as well as propose concrete actions against cultural vandalism.


China’s Modern Middle East Strategy: Strengthening Partnerships With Iran And Syria – Analysis

EurasiaReview
China’s Modern Middle East Strategy: Strengthening Partnerships With
Iran And Syria – Analysis
By Dr. Mohamad Zreik
Feb. 15, 2022
The Middle East strategy of China is gradually progressing. Recently,
an official agreement between the governments of Iran and China
brought the 25-year comprehensive cooperation treaty into effect,
while Syria signed an understanding to join the Belt and Road
Initiative. Massive trade and investment initiatives have helped China
establish itself as a significant player in the Middle East.
Iran and Syria want to strengthen commercial and trade ties as the
Syrian conflict fade. The end of the conflict in Syria represents the
beginning of a new era of business connections between the two
nations.
Syria and China signed a memorandum of understanding to join the Belt
and Road Initiative. The “Five Seas Proposal”, which Syrian President
Bashar al-Assad first mentioned in 2009, mirrored China’s current Silk
Road project.
The Five Seas initiative connects the Mediterranean, Red, Persian,
Caspian, and Black Seas, attempting to unify all nations in the area.
With the notion of “Shamgen” articulated by President Recep Tayyip
Erdogan, who was the Prime Minister at the time, but in the movement
known as the Arab Spring, it was shelved.
The Belt and Road initiative, which includes Iran, is now being
proposed for Syria. This action has various implications. Since Barack
Obama, the USA has been working to finalize Middle Eastern agreements
with China. However, China wants to incorporate the Middle East with
Belt and Road initiative.
A branch of China’s Silk Road, Tehran, Baghdad continues down the
Euphrates River via Al Bukemal, Deir ez-Zor, Raqqa, Aleppo, and
Latakia. Thus, China may benefit from the land-accessible Latakia port
as a major logistical hub. The Chinese Belt and Road Initiative
strengthens the bonds of communication and cooperation between China
and Iran, all the way to Syria. Damascus was a historic Silk Road
station. The old inns are still standing. These inns are said to have
utilized the first bills/checks.
The second branch from Tehran goes to Damascus, then Beirut. That’s
why China sought money for the Beirut port following the great
explosion. By negotiating with Lebanon for the Beirut port, China will
have two ports opening to the Mediterranean, giving it a huge
advantage.
As a consequence of the deal, Syria vowed that it would not make
concessions to the West. Even after certain Arab nations
re-established ties with Syria and France appointed ambassador, Syria
continues to offend the West.
Russia and Iran are also unconcerned about Syria-China collaboration.
Despite the potential of a favourable conclusion in the discussions
over its nuclear activities, Iran is now doing as “the field needs”
and establishing deals with China that will bind it for a quarter of a
century and beyond. So, Russia, Syria, and Iran all meet in one area.
Except for vetoes, China was quiet throughout the Syrian conflict.
However, its worldwide rivalry with the USA may intensify, and the
Syria move coincided with the “moment when counter-measures should be
implemented.”
Russia has returned to the Middle East, and China will soon follow.
After years of anticipation, Syria has finally joined the Chinese Belt
and Road Initiative. Syria joined the initiative following a
memorandum of understanding signed by the Syrian Planning and
International Cooperation Authority head, Fadi Al-Khalil, and China’s
ambassador in Damascus, Feng Biao, after official statements and
mutual visits on the Beijing-Damascus line in recent years indicated
Syria’s imminent accession to the BRI.
On the Chinese Belt and Road Initiative, Syrian President Bashar
al-Assad has said that Syria may participate via infrastructure
development. “China is a great nation that is attempting to enhance
its influence in the globe, but not in a bad sense, but influence in
the sense of depending on friends… as it depends on partnership and
similar interests, instead of the hegemonic strategy followed by the
West,” Al-Assad remarked at the time.
Assad went on “Syria is on the Silk Road, and China regards us as
equals, not as a large nation with a minor. There are similar
interests… a benefit for China, Syria, and other nations on this path…
in the end, it benefits all nations. This implies greater global
stability.”
The Syrian offer, which contained six Chinese projects aligned with
the Belt and Road model, appears to have been well received in
Beijing, which ultimately chose to include Damascus in its effort.
There are a number of projects that may be implemented as part of this
initiative. These include rail links between Tartous and the Iraqi
border, highways connecting the country’s south to its north,
electricity generation, oil and gas exploration; as well as Chinese
free zones in Syria.
Currently, the “leaning towards the east policy” is being followed;
Damascus has announced this policy in response to what it perceives as
the participation of the United States and Western countries in the
war against Syria.
Syrian President Bashar al-Assad “leaning towards the east policy”
aligns with Chinese President Xi Jinping‘s Belt and Road Initiative.
Many compared the Chinese initiative to Syrian President’s “Five Seas”
project, referring to the Mediterranean, Caspian, Black, Arabian Gulf
and Red Seas.
China’s involvement in Syria has grown since 2018. In a statement
released by Xinhua News Agency, Chinese Ambassador Qi Qianjin
expressed his country’s desire to play a larger role in Syria’s
economic, political, and military affairs. During a hospital visit in
Damascus, the Chinese envoy remarked, “I believe it is time to focus
on Syria’s growth and rebuilding. I think China will further up its
support for the Syrian people and government.” Perhaps the recent $44
million in humanitarian aid to Syria bolster the Chinese ambassador’s
claims.
In an August 2019 letter, the Chinese ambassador emphasized the
development of Syrian railroads and ports; after promising $20 billion
to Syria, Yemen, Lebanon, and Jordan for rehabilitation and economic
growth.
The Belt and Road Initiative was announced by China in 2013 and
intends to link nations across the globe with a network of roads,
railroads, ports, oil pipelines, sea lanes, and telecommunications
networks.
The initiative has two parts: the Silk Road Economic Belt, which aims
to connect China with Europe through South Asia and Central Asia, and
the Maritime Silk Road, which aims to connect China with Europe via
Southeast Asia, the Middle East, and North Africa.
The Syrian president recently declared that it has reached a formal
deal with China to join the Belt and Road initiative. This initiative
was initiated by China in 2013. It is a massive infrastructure project
that intends to enhance China’s commercial linkages.
According to the deal inked between China and Syria, railways,
international roads, power plants, and the expansion of Syrian ports
would all be funded by China, with Syria paying a substantial portion
of the expenditures over time.
The Chinese president vowed to contribute $20 billion in Syria,
Jordan, and Lebanon to restore infrastructure, with Syria’s part
estimated at $9 billion.
However, China would not compete with Russia for the port of Tartus,
but will strive to develop the port of Latakia via the same
corporation that is already expanding the port of Tripoli in Lebanon.
Sino-Iranian agreement
“The comprehensive cooperation pact between Iran and China (25 years)
has started the implementation phase,” said Iranian Foreign Minister
Hossein Amir Abdollahian.
Abdullahian met with his Chinese counterpart Wang Yi in Beijing, where
he is on a formal invitation, to discuss the current developments in
bilateral ties and economic cooperation.
In addition to supporting Iran’s nuclear rights and easing the
embargo, they discussed the current Vienna discussions on lifting the
embargo.
Although the contents of this strategic agreement, which is a plan for
long-term collaboration between the two nations, have not been
released, a consensus was obtained. This agreement will include
economic cooperation as a major component, which will need to be
signed and executed in the form of separate agreements between the two
nations.
In March 27, 2021, the two nations announced a “comprehensive
strategic partnership” in a joint statement. According to paragraph 6
of the statement, all parties are prepared to discuss and develop a
long-term cooperation pact. On April 27, Mohammad Javad Zarif and Wang
Yi, the Iranian and Chinese foreign ministers, signed this treaty.
In recent years, the two nations’ trade volume has been about $20
billion. Since 1995, Iran exported about $9 billion to China and
imported between $9 and $13 billion. China is a major provider of
electrical, audio-visual, chemical and industrial goods to Iran. Iran,
on the other hand, is one of China’s top oil suppliers, oil imports
before the sanctions amounted for around 6% of overall imports.
However, unofficial data shows that during the sanctions period, China
was the largest buyer of Iranian oil.
The Silk Road Economic Belt and the Maritime Silk Road are two trade
routes proposed by Chinese President Xi Jinping in 2013. This
initiative links China, Central Asia, Russia, and the Middle East to
Europe. The Maritime Silk Road links China to Southeast Asia and
Africa through the sea, and reaches over 60 Asian, European, and
African nations.
The project will encompass 30% of global GDP and 35% of global
commerce and has three key goals. The primary purpose is to free China
from the naval blockade and depend entirely on the Straits of Malacca.
More than 150 ships each day, predominantly Chinese and Japanese
tankers, sail through the strait.
China will turn to be the world’s leading economic power by exporting
technological and engineering products and services to other nations.
Iran is a major supplier of energy, raw materials such as iron ore,
and petrochemical crude products to China, making it a major priority
in the Belt and Road Initiative.
The Minister of Economy declared that the 25-year deal between Iran
and China is nearing completion. China announced $400 billion in Iran,
with $280 billion going to the oil and gas sector and $120 billion to
transportation.
Currently, the government has about 100,000 unfinished economic and
development projects, which need a thousand billion tomans
(1,000,000,000,000,000,000 Tomans) of credit to complete. In addition
to continuing to purchase Iranian oil, the Chinese are helping to
build big oil and gas reserves and modernize Iran’s refineries.
Most notable oil and gas projects where Chinese involvement is
feasible are Phase 11 of South Pars, North Pars gas field development,
Azadegan and Yadavaran oil field development and repair of ancient
domestic refineries like as Abadan and Tehran refineries. The
country’s other energy initiatives include developing sustainable
energy and renovating aging power facilities. Promoting banking,
financial and insurance cooperation, creating Iranian bank branches,
and forming an Iran-China joint bank are feasible banking and
financial collaboration.
Construction of railways in various parts of the country,
electrification of railways such as the Tehran-Mashhad railway,
development of metro networks in major Iranian cities, participation
in the development of Makran beaches, development of Iranian ports
such as Chabahar port, and completion of domestic and international
highways and freeways in Iran are all part of the 25-year agreement.
In recent months, news of Chinese involvement in the form of
industrialization of housing building for the National Housing
Movement and the construction of four million housing units in four
years. Other probable 25-year areas of collaboration include
telecommunications, science-technology, education, health, and
tourism.
*
About author:
Dr. Mohamad Zreik has PhD of International Relations, he is
independent researcher, his area of research interest is related to
Chinese Foreign Policy, Belt and Road Initiative, Middle Eastern
Studies, China-Arab relations. Author has numerous studies published
in high ranked journals and international newspapers.
 

44-day war: New film documents recruitment of mercenaries to fight against Artsakh

Public Radio of Armenia
Feb 16 2022

44-day war: Mercenaries – the new documentary produced by the Orbeli Information-Analytical Center of the Public Relations and Information Center SNCO of the RA Prime Minister’s Office refers to the recruitment of mercenaries by Azerbaijan (with the support of Turkey) to fight against Artsakh.

Back in the first Artsakh war, in 1993-94, according to various sources, 1000-3000 Afghan mercenaries fought in the Azerbaijani army. In 2020, Syrian mercenaries who had moved to Azerbaijan before the war participated in the hostilities.

Based on facts, information of investigative bodies and expert analysis, the film 44-day war: Mercenaries documents the participation of Turkey and Syrian mercenaries in the war.

44-day war. Tenants

Armenian soldier wounded in Azerbaijani shooting in Artsakh

Public Radio of Armenia
Feb 16 2022

At around 16:15 on February 15, the Azerbaijani troops violated the ceasefire regime in the eastern border zone of the Artsakh Republic.

Conscript of Artsakh’s Defense Army Khachatur Khachatryan was wounded in the shooting.

The condition of the soldier is assessed as serious.

The Russian peacekeepers have been informed abouh the incident.

At present, the operative-tactical situation in the mentioned part of the line if contact is stable.

Armenian villagers block major road, demand meeting with Pashinyan

panorama.am
Armenia – Feb 16 2022


Residents of Marmarashen, a community in Armenia’s Ararat Province, have blocked traffic on a major highway connecting the province with Yerevan since Wednesday morning.

They no longer pin their hopes on the governor and demand a meeting with Nikol Pashinyan.

The protesters demand that the authorities restore the public transport route from the village to Yerevan. Large police forces are deployed in the area.

Speaking to Yerevan.Today, the residents noted that it was their third such action over the past two months. Route 44 ceased to be operated last year, thus villagers have to use overcrowded buses serving the Yerevan-Artashat route. Some villagers use their own vehicles, which, they claim, is not affordable.

Newspaper: Azerbaijan delegation to arrive in Yerevan?

 NEWS.am 
Armenia – Feb 16 2022


YEREVAN. – Hraparak daily of Armenia writes: The sessions of the bureau of the Euronest Parliamentary Assembly [(PA)] will be held in [the capital] Yerevan this year, from February 19 to 22.

Members of the Assembly’s Standing Committees on Political, Human Rights and Democracy, Energy Security, Economic Integration, Legal Approximation and EU Policy, Social Affairs, Employment, Education, Culture and Civil Society, Euronest PA European Parliament Delegation and Eastern Partnership countries will arrive in Armenia.

According to some information, Azerbaijan has given preliminary confirmation of its participation [in this event], and the Azerbaijani delegation could arrive in Yerevan.

The event will take place at the Sports and Concert Complex.

Normalization process between Turkey and Armenia "is really encouraging", says US ambassador to Turkey

Feb 16 2022
Marianna Mkrtchyan

ArmInfo.Turkey and the US “benefit from a close relationship,” said the new US Ambassador to Ankara Jeffrey Flake, hailing the bilateral ties between the two  countries.

Turkey is a “consequential” country and has “a big role on the global  stage,” Jeff Flake told Anadolu Agency in an exclusive interview.

“It’s an important ally for us,” he stressed, further saying that the  security between Ankara and Washington has “strengthened.”

Flake officially took over as the US ambassador in late January,  succeeding David Satterfield, who had served as Washington’s envoy to  Turkey since June 2019.

With an emphasis on Turkey’s position in NATO, he said it is “an  important member of NATO, has been for 70 years. And so we have a lot  of shared interests there.”

Turkey has “the second largest F-16 fleet” and is “the third largest  contributor in terms of NATO missions,” said Flake, who conveyed US  Permanent Representative to NATO Julianne Smith’s thanks to Turkey  for its role in the alliance.

On the Russia-Ukraine tensions, the US ambassador said, “Turkey has  been steadfast in its support of Ukrainian sovereignty” and Ankara  “shares our commitment to a diplomatic solution if we can have one.   They have supported that in a big way.”

Flake further said that “with threats like we have right now in the  region in Ukraine, our relationship with Turkey is even more  important.”

He also addressed the economic ties between Turkey and the US, which  he called “very important and increasingly important.”

“Our trade relationship with Turkey is large and growing. We have  exchanges that are important. So there’s so many things that are  vital and that we need to foster and improve on,” Flake said.

“People tend to look at Turkey is just important in the security  realm, but it’s extremely important in the economic space as well,”  the US ambassador said. “Last year we had about $28 billion in trade  that was a 28% increase over the year before.”

He also said some $50 billion US investment in Turkey has created  about 100,000 jobs.

In 2021, Turkish exports to the US increased 45%, he said, hailing  Turkey for increasing its exports despite the COVID-19 pandemic.

With economic ties growing, Flake said, “we’ve set some ambitious  goals, the last administration of $100 billion in trade. That is an  ambitious goal, but when I meet with American businesses, and Turkish  businesses, they want to get there. And over time, I believe we can.”

Drawing to education, Flake stated that Turkey is “a biggest  contributor of European students in the US, our 15th largest  contributor of students worldwide, and that’s growing.”

Some 170 Turkish students are studying in the US with the Fulbright  Scholar Program, he said, adding there are many other programs as  well.

“We love it when Turkish citizens come to the United States and  obviously Americans love to come here,” he said.

On the Rome meeting last fall of Turkish and US presidents, Flake  said: “They established the strategic mechanism meant to encourage  high-level dialogue on areas that we work together on or perhaps we  don’t exactly agree on, but high-level dialogue.”

He also said “more high-level visits” are expected as the US is  looking “to make to take full advantage of this strategic mechanism.”

Flake, who served in the US Senate Committee on Foreign Relations,  said: “We dealt with Turkey a lot.  Because Turkey is a principal  ally of ours, but also an important player on the world stage.”

Flake said negotiations are on track regarding the sale and  modernization of F-16 fighter jets.

“In fact, there was a delegation here just this past week as the  delegation here in December as well to help prepare what’s called  “LoR” or a request for additional F-16s and modernization of F-16,”  he said.

Meanwhile, the US diplomat said compensation for Turkiye’s payment  for F-35s is “a very complicated process.”

Lawyers and accountants are working on the issue, he added.

The US sees Turkiye’s request for new F-16s “very positive,” Flake  said, as it shows Turkiye’s “commitment to NATO.”

“We obviously know that it’s extremely important to have  interoperability. So that’s a positive request.”

About Turkiye’s role in Afghanistan, he said the US hopes Turkey  “will play a role in Afghanistan’s future and in terms of securing  the airport, for example, to connect Afghanistan to the world that  will benefit the citizens of Afghanistan and all of us.”

Flake also welcomed the normalization process between Turkey and  Armenia.

“That’s great as well. We welcome that. We’ve been very happy to see  the meetings happening. One in Russia, another one in Vienna coming  up. But it is really encouraging, what is going on. I believe there  are flights now going from Istanbul to Yerevan. That’s a great sign.”