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US Embassy urges Armenian businessmen to refrain from contacts with

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  • US Embassy urges Armenian businessmen to refrain from contacts with

    US Embassy urges Armenian businessmen to refrain from contacts with
    Russian companies

    by Arthur Yernjakyan

    Thursday, July 31, 15:36

    The Embassy of the United States in Armenia has sent Armenian
    businessmen messages urging them to refrain from contacts with Russian
    companies as this implies additional reputational risks, President of
    the Union of Manufacturers and Businessmen of Armenia Arsen Kazaryan
    told journalists on Thursday.

    He said that such messages are being distributed all over the world.
    "Let's not panic. I don't think our companies will suffer in any way.
    Our subsidiaries of Russian banks cannot be affected by the sanctions
    as they are separate legal entities, earning money and paying taxes in
    the territory of Armenia. Our businessmen have not frozen their plans,
    are not worried about the sanctions and continue working as usually,"
    Kazaryan said, noting that Armenia is interested in improved relations
    between the world community and Russia.

    In its message the US Embassy calls on all companies to consider the
    reputational risks they may face as a result of joint business with
    sanctioned physical and legal entities from Russia and to stop any
    contacts that are contrary to the sanctions imposed by the United
    States and other countries. The Embassy warns that non-Russian
    companies may also face sanctions if they provide material support to
    sanctioned companies and individuals.


    http://www.arminfo.am/index.cfm?objectidÛBFDEE0-18A6-11E4-A2D60EB7C0D21663

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