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Russian Investments Justified Only If Armenian-Turkish Border Opens,

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  • Russian Investments Justified Only If Armenian-Turkish Border Opens,

    RUSSIAN INVESTMENTS JUSTIFIED ONLY IF ARMENIAN-TURKISH BORDER OPENS, SAYS SEMNEBY

    Tert
    Nov 2 2009
    Armenia

    Russian began taking steps a long time ago that show it expects changes
    in the situation in the Caucasus, EU Special Representative for the
    South Caucasus Peter Semneby stated in his interview to Russian daily
    Vremya Novostey.

    In Semneby's words, Russian investments in Armenia, such as railway
    construction, will be justified for Russia only if the Armenian-Turkish
    border opens.

    "Russia has big interests in Armenia, including enormous economic
    interests. If Russia invested funds in Armenia, has bought the energy
    infrastructure and so on, then it takes an interest in the development
    of Armenia's economy. As for steady development, it is necessary to
    create indispensable conditions, for which the most imporant factor
    is opening the border with Turkey. The diversification of Armenia's
    economy and giving it room to develop is also in Russia's interests,"
    explained the EU Special Representative.
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