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Russia won't subsidize economies of former soviet republics any more

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  • Russia won't subsidize economies of former soviet republics any more

    PanARMENIAN.Net

    Russia won't subsidize economies of former soviet republics any more
    04.06.2007 14:56 GMT+04:00

    /PanARMENIAN.Net/ Vladimir Putin stated Russia's readiness for
    integration in the post-soviet space on equal and pragmatic basis. `No
    one can say that we politicize these issues. We are not going to spend
    huge sums to subsidize economies of other states. We are ready to
    develop integration but it will be on an equal basis,' the Russian
    President told reporters from G8 member states.

    `Some think we will not defend our interests. But if we want order and
    international law at the international arena we should respect this
    law and interests of participants of the international communication,'
    Putin said.

    `We have subsidized economies of the former soviet republics for 15
    years at expense of cheap energy resources,' he said.

    `So why should we do it? Where is the logic? We used to allot $3-5
    billion to Ukraine annually in the course of 15 years. Who else in the
    world does it? At that, our moves are not politicized,' Putin said.

    He reminded that Russia applies unified price formation to all
    Transcaucasian states. `To Georgia, with which we do not enjoy good
    political relations; to Armenia, relations with which are excellent
    and which is our strategic ally,' he said.

    `Yes, we have heard plenty of uncomplimentary words from our Armenian
    partners but we managed to come to an agreement. They cannot pay cash,
    but they pay off with property, with `live actives'. Everything has
    been calculated,' Mr Putin noted.

    Integration in the post-soviet space is highly needed, according to
    him. `It's convenient not only for the former soviet republics but
    also for our major partners in Europe and throughout the globe. Its
    expedience depends on balance and efficiency of our cooperation,' the
    President resumed, Interfax reports.

    From: Emil Lazarian | Ararat NewsPress
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