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U.S. To Compensate For Losses Incurred By Armenia As Result Of Russi

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  • U.S. To Compensate For Losses Incurred By Armenia As Result Of Russi

    U.S. TO COMPENSATE FOR LOSSES INCURRED BY ARMENIA AS RESULT OF RUSSIAN-GEORGIAN WAR

    Noyan Tapan
    Oct 23, 2008

    YEREVAN, OCTOBER 23, NOYAN TAPAN. The U.S. will provide financial
    and technical assistance to Armenia whose direct and indirect
    losses amounted to 670 million dollars as a result of the 5-day
    Russian-Georgian war, Armenian Prime Minister Tigran Sargsian
    announced at the RA National Assembly on October 22. According to him,
    during his recent visit to the U.S, this issue was discussed with the
    U.S. Secretary of State Condoleezza Rice and heads of the World Bank
    and the IMF.

    T. Sargsian said that the issues of protecting Armenian economy
    against such dangers in the future were also discussed with Russian
    leadership, in particular, during the recent visit of Russian President
    Dmitry Medvedev to Armenia. In the words of T. Sargsian, about 1,000
    enterprises founded with Russian capital (fully or partially) operate
    in Armenia. Part of these enterprises are of vital importance to the
    Armenian economy and the matter concerned the necessity to ensure
    their uniterrupted operation.
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