TRANSPORTATION MINISTER COMMENTS ON ARMENIAN COMPANIES HANDED TO RUSSIA

RosBusinessConsulting, Russia
Oct 13 2005

RBC, 13.10.2005, Erevan 17:57:16.Russia has not met requirements to
utilize the capacities of Armenian companies handed to it to settle
Erevan’s state debt to Moscow, co-chairman of the Armenian-Russian
intergovernmental commission for economic cooperation Igor
Levitin, who is also Russian transportation minister, has told
journalists. According to Levitin, a working group has been created and
a protocol on enhancing the efficient operation of these companies has
been signed. Russia has made no decision on whether these companies
should produce civil or military goods, he added. In 2003, Armenia
handed 5 companies estimated at USD93.7m to Russia.