RUSSIA PLEDGES TO RESOLVE PROBLEMS OF IDLE ENTERPRISES IN ARMENIA

Mediamax News Agency, Armenia
Oct 13 2005

Yerevan, 13 October: Igor Levitin, Russian transport minister and
co-chairman of the Russian- Armenian intergovernmental commission,
admitted in Yerevan today that Russia has not fully met conditions
of the property-for-debt deal.

Speaking at a news conference on the outcome of the sitting of the
commission in Yerevan today, Levitin said that the main problem was
that Russia did not identify the types of goods to be manufactured
by the enterprises handed over to Russia within the framework of the
repayment of Armenia’s state debts.

The Russian minister said that a joint working group had been set
up for the full resolution of the issue of the enterprises and it
will submit its proposals to the chairmen of the intergovernmental
commission in early 2006. “Russia understands its responsibility for
the fate of these enterprises,” Levitin said.

From: Emil Lazarian | Ararat NewsPress