Foreign minister comments on Russia running Armenian companies

RosBusinessConsulting Database
February 17, 2005 Thursday

Russia is doing its best to enhance operational activities of Armenian
companies after securing control over them under debt restructuring
agreements, head of the foreign ministry of Russia Sergey Lavrov
announced in the Armenian capital of Ereven after a meeting with
Armenian Prime Minister Andrahik Mrakarian. The foreign minister
stressed the importance of timely fuel supplies for the Armenian
nuclear power station and the work aimed at updating this station.

Armenia handed control over its companies to Russia to settle its
debt worth USD93m under bilateral agreements signed in 2002.
From: Baghdasarian