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House Financial Services Committee Adopts Amendment To Block U.S. Su

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  • House Financial Services Committee Adopts Amendment To Block U.S. Su

    HOUSE FINANCIAL SERVICES COMMITTEE ADOPTS AMENDMENT TO BLOCK U.S. SUBSIDY FOR ARMENIA RAILROAD BYPASS

    Yerevan, June 15. ArmInfo. The Armenian National Committee of America
    (ANCA) [Ho.He. Dashnaktsytyan Washington-ee Hai Tahd-ee Krasenyag]
    today welcomed the vote by a powerful Congressional panel to block
    U.S. taxpayer funding for an unnecessary and costly proposed railroad
    between Turkey and Georgia that would, if built, circumvent Armenia
    and, in the process, undermine the economic viability of the existing
    Caucasus railroad route through Armenia.

    With a unanimous voice vote earlier today, the House Financial
    Services Committee adopted the amendment offered by panel member
    Joe Crowley (D-NY). The measure prohibits the Export-Import Bank from
    providing any assistance "to develop or promote any rail connections or
    railway-related connections that traverse or connect Baku, Azerbaijan;
    Tbilisi, Georgia; and Kars, Turkey, and that specifically exclude
    cities in Armenia."

    "With this amendment, we are sending a message to the governments of
    Turkey and Azerbaijan that continually excluding Armenia in regional
    projects fosters instability," said Congressman Crowley. "Bypassing
    Armenia is just another attempt to further suffocate this republic,
    which has made great strides in democratic and economic reforms
    notwithstanding its neighbors' hostility. If the Caucasus region
    is to move forward, we must ensure that all countries move forward
    together at the same time."
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