U.S. TO COMPENSATE FOR LOSSES INCURRED BY ARMENIA AS RESULT OF RUSSIAN-GEORGIAN WAR

Noyan Tapan
Oct 23, 2008

YEREVAN, OCTOBER 23, NOYAN TAPAN. The U.S. will provide financial
and technical assistance to Armenia whose direct and indirect
losses amounted to 670 million dollars as a result of the 5-day
Russian-Georgian war, Armenian Prime Minister Tigran Sargsian
announced at the RA National Assembly on October 22. According to him,
during his recent visit to the U.S, this issue was discussed with the
U.S. Secretary of State Condoleezza Rice and heads of the World Bank
and the IMF.

T. Sargsian said that the issues of protecting Armenian economy
against such dangers in the future were also discussed with Russian
leadership, in particular, during the recent visit of Russian President
Dmitry Medvedev to Armenia. In the words of T. Sargsian, about 1,000
enterprises founded with Russian capital (fully or partially) operate
in Armenia. Part of these enterprises are of vital importance to the
Armenian economy and the matter concerned the necessity to ensure
their uniterrupted operation.