US, Russia to extend aid to Armenia to tackle Georgia-Osset fallout

Interfax, Russia
Russia & CIS Military Newswire
October 22, 2008 Wednesday 10:07 AM MSK

U.S., Russia to extend aid to Armenia to tackle fallout after
Georgian- Ossetian conflict

YEREVAN Oct 22

Armenia will get technical and financial assistance to remedy the
economic damage inflicted by the Georgian-Ossetian conflict, Armenian
Prime Minister Tigran Sargsyan said.

"This issue was discussed at the meeting with U.S. Vice President Dick
Cheney and Secretary of State Condoleezza Rice, at the meetings with
International Monetary Fund (IMF) and World Bank representatives.

Condoleezza Rice promised to extend us the necessary assistance. The
IMF and World Bank also promised to render technical assistance, we
have specific agreements with these organizations on extending
financial aid to Armenia," Sargsyan said.

The damage inflicted on Armenia was also discussed with Russian
representatives during the visit of Russian President Dmitry Medvedev
to Yerevan, he said

"We have some concrete agreements with Russia including on financial
and technical help. We hope that we shall be able to jointly implement
them. Armenia has more than a thousand Russian enterprises with
Russian capital and participation, some of these are vitally important
for the Armenian economic system," Sargsyan said.

Armenian losses because of the Georgian-Ossetian conflict have been
assessed at $670 million.

The U.S.-Armenian relations have entered a new stage of cooperation,
he said. "When meeting with Condoleezza Rice, I got a signal that our
relations entered a new stage of cooperation that exist between
friendly nations. The sides will develop new programs and Armenia will
receive considerable technical and financial aid," he said.

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