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Serge Sargsian Has No Concern About Transfer Of Big Armenian Enterpr

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  • Serge Sargsian Has No Concern About Transfer Of Big Armenian Enterpr

    SERGE SARGSIAN HAS NO CONCERN ABOUT TRANSFER OF BIG ARMENIAN ENTERPRISES TO RUSSIAN COMPANIES

    Noyan Tapan News Agency, Armenia
    Nov 6 2006

    YEREVAN, NOVEMBER 6, NOYAN TAPAN. The Armenian government will give
    consent for the deal on selling 90% of ArmenTel shares owned by the
    Greek company OTE to the Russian company Vympelcom. The RA Defence
    Minister Serge Sargsian expressed this opinion during a talk with
    reporters on November 6. At the same time he refuted the assumptions
    about his relation to the deal.

    Responding to NT correspondent's question, S. Sargsian said that he
    has no concern in connection with the transfer of Armenia's biggest
    strategical facilities to Russia. "I do not consider it dangerous,
    because I have not yet seen the Russian side use its economic
    leverage in Armenia. Can you give an example when the Russian capital
    in Armenia has been used to subject us to political pressure?,"
    the minister noted. In response to the question about the use of
    economic leverage by Russia to put pressure on Georgia, he replied:
    "Should I be concerned about Georgia as well?"

    According to the minister, no American or European company has
    expressed an intention to make investment in the 5th power unit of
    Hrazdan Thermal Power Plant or a gas operation enterprise. Reminding
    that two Russian companies and an Arab one had participated in the
    final stage of the tender for sale of ArmenTel shares, S. Sargsian
    noted: "But would it have been more beneficial for Armenia, if the
    Arab comapny had acquired ArmenTel?"
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