Ameriabank successfully places its first ever green bond

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 16:25,

YEREVAN, NOVEMBER 30, ARMENPRESS. Ameriabank issued a Green Bond in EUR for the equivalent of USD 50 million, marking a milestone in the local financial market as the first ever Green Bond project in Armenia. The Green Bond was structured in accordance with internationally recognized ICMA Green Bond Principles (the GBP).

“The debut Green Bond is issued in close cooperation with our long lasting partner – FMO, the Dutch Entrepreneurial Development Bank- that is also the anchor investor in this transaction. Sustainalytics, a global leader in sustainability research & analysis, provided the Second-Party Opinion to our Green Bond Framework (GBF), verifying GBF’s alignment with the GBP and the global market standards. Ernst & Young acted as the external consultant in GBF design and Sustainable Development Goals (SDG) adaptation for our core business.

Artak Hanesyan, CEO of Ameriabank, commented: “We are delighted to announce that Ameriabank has successfully issued the first-ever Green Bond from Armenia. Funding raised via Green Bonds provides an unrivalled opportunity to play an essential role in financing green projects that contribute to environmental sustainability. I would like to thank our partners at FMO for their support to become the key investor in this landmark transaction. Lastly, I would also congratulate our team at Ameriabank with this success.”

Huib-Jan de Ruijter, CIO of FMO added: "Today marks another important step in our strong and successful relationship with Ameriabank. Throughout the years, we have taken a wide variety of steps together, including the provision of a subordinated loan, various senior debt facilities, and a loan targeted at youth entrepreneurs. In 2019 we agreed to embark on a green finance development journey, leading to the green bond we can present today. I’m very much looking forward to our future cooperation and supporting Ameriabank in further developing its Green Strategy to help reach its ambitions to be the leading green bank in the country,”” the bank said in a news release.

 

About FMO

FMO is the Dutch Entrepreneurial Development Bank. Investing in over 80 countries, FMO supports jobs and income generation in order to improve people’s lives in the parts of the world where it can make the biggest difference. The role of FMO extends beyond financing, as it helps businesses to operate and grow transparently in an environmentally and socially responsible manner.

WithFMO clients serving millions of customers, their adoption of good practices will have a broad positive impact on local development. They create jobs, provide people with an income, generate taxes and contribute to a healthy private sector. This makes it possible to build a local economy that offers opportunities for people today without compromising the opportunities of future generations.FMO is one of the largest bilateral private sector development banks globally. For more information, please visit www.fmo.nl

 

About Ameriabank

Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia with clearly formulated digital agenda. The first investment bank in Armenia, Ameriabank is a universal bank offering innovative corporate, investment and retail banking services in a comprehensive package of banking solutions.

For further information, please visit www.ameriabank.am

UN stands ready to respond to humanitarian needs in Nagorno Karabakh

Public Radio of Armenia
Nov 24 2020

UN Secretary-General Antonio Guterres has confirmed on Monday that relevant UN agencies are ready to cooperate with Russia in the Nagorno-Karabakh region to undertake humanitarian assessment on the ground.

“The UN Secretary-General has made clear publicly, we hope that the cessation of hostilities will enable humanitarian actors to have the necessary access to all people in need in all areas affected by the conflict, including people displaced by the conflict, particularly in and around Nagorno-Karabakh,” UN Secretary General’s Spokesperson Stephane Dujarric said during a press briefing. 

“As the Secretary-General stressed in his most recent phone calls with the Foreign Ministers of both Armenia and Azerbaijan, the UN stands ready to respond to the humanitarian needs and is prepared to work with all concerned accordingly. The same has been conveyed to the OSCE Minsk Group Co-Chairs,” the Spokesperson said.

“In response to a request from the Russian Federation and pending further details on the role and operating modalities of the “Russian Inter-agency Humanitarian Response Centre”, the Secretary-General has confirmed that the Office for the Coordination of Humanitarian Affairs (OCHA) and relevant UN entities are ready to cooperate and to discuss possible interaction and collaboration on the ground, including for the purpose of undertaking an initial independent inter-agency assessment in Nagorno-Karabakh and surrounding areas, as soon as conditions permit, in order to obtain a comprehensive picture of the humanitarian needs on the ground,” Dujarric stated.  


Mobile network, internet restored as Artsakh rebuilds infrastructures

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 11:43,

YEREVAN, NOVEMBER 17, ARMENPRESS. As Artsakh is actively rebuilding its infrastructures which were damaged in Azeri bombings, the telecommunication system is already entirely restored in Artsakh, the State Service of Emergency Situations spokesperson Hunan Tadevosyan told ARMENPRESS.

“We’ve had problems with mobile communication and internet in the recent period. The Karabakh Telecom stations were targeted many times by the Azeri forces during the war. Now the restoration work is in the final stage, and today we can say that there is no communication problem in Artsakh,” he said.

Water, power and gas supply junctions were also damaged during the war, but most of these infrastructures are already restored.

Power and water supply is entirely restored, and the gas supply restoration is yet to be completed in only few districts of Stepanakert.

“Huge work is also done in the direction of de-mining and neutralizing unexploded ordnance. The emergency situations team of the Russian peacekeepers joined this work today. Our sappers were working day and night before they arrived. This work was being done even when the war was still ongoing.”

Tadevosyan said their rescuers are also involved in the search operations for missing servicemen together with the Russian peacekeepers and the International Committee of the Red Cross.

Editing and Translating by Stepan Kocharyan

Ceasefire regime observed along Artsakh-Azerbaijan line of contact

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 16:35, 13 November, 2020

YEREVAN, NOVEMBER 13, ARMENPRESS. The ceasefire regime continues to be maintained along the Artsakh-Azerbaijan line of contact, the Defense Ministry of Artsakh reports.

On November 9 Armenian Prime Minister Nikol Pashinyan, Azerbaijani President Ilham Aliyev and Russian President Vladimir Putin signed a statement on a full ceasefire and cessation of all military actions in the Nagorno Karabakh conflict zone since 01:00 Yerevan Time on November 10.

Editing and Translating by Aneta Harutyunyan

Protesters demand emergency session of parliament

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 16:13,

YEREVAN, NOVEMBER 11, ARMENPRESS. Protesters demanding the resignation of Prime Minister Nikol Pashinyan are heading to the parliament building.

The demonstrators demand lawmakers to convene an emergency session and sack Pashinyan.

“We demand parliament to convene an emergency session in the next few hours and quickly solve the prime minister’s dismissal,” said ARF Supreme Body Representative Ishkhan Saghatelyan, one of the organizers of the rally.

The rally is organized by 17 political parties demanding the resignation of Pashinyan over the conditions of the Karabakh armistice. Police detained 129 people during the rally because gatherings are banned under martial law. 41 of them have already been released. 

Editing and Translating by Stepan Kocharyan

Russia seizes primacy in post-war South Caucasus

Asia Times



Moscow's plan to end Azerbaijan-Armenia war in Nagorno-Karabakh puts
Russia firmly in the strategic region's driver's seat

By Richard Giragosian 

YEREVAN – After 40 days and 40 nights of often intense fighting, the
latest war for Nagorno-Karabakh halted with an abrupt midnight posting
early on November 10 on Facebook.

Couched in a confession of an “unspeakably painful” acceptance,
Armenian Prime Minister Nikol Pashinyan announced his acceptance of a
new agreement that effectively ceded territory to Azerbaijan.

The agreement to halt the war, which salvaged the remnants of
Armenian-held Karabakh and saved the Armenian population from
advancing Azerbaijani forces, raises only more questions about the
status and security of the enclave.

The Russian-crafted plan, signed by Azerbaijan President Ilham Aliyev,
Russian President Vladimir Putin and Armenian Prime Minister Nikol
Pashinyan, is multi-faceted.

According to the agreement’s terms, a roughly 2,000-strong Russian
peacekeeping force was immediately deployed to Karabakh, establishing
a perimeter to protect and defend the vital Lachin Corridor, a
lifeline connecting Nagorno-Karabakh to Armenia. Armenia is to
withdraw its forces from districts of Azerbaijan beyond the borders of
Nagorno-Karabakh.

In a staged withdrawal, this initial disengagement is to be followed
with a return of the two districts of Kelbajar and Aghdam by November
20, with a further Armenian pullback from the Lachin district by
December 1. By that time, Russian peacekeepers are to ensure the
Armenian use and control of a five-kilometer-wide corridor through
Lachin.

In a seeming attempt at parity, a similar but much more vague
“corridor” is also stipulated to connect Azerbaijan to its exclave
Nakhichevan, which borders Armenia, Iran and Turkey.

The agreement’s last point is one of the most potentially significant
outcomes, as the nature of such an Azerbaijani connection through
Armenian territory remains unclear and undefined, raising potentially
dangerous questions over sovereignty, legal standing and policing.

[Map. Image: Facebook/TRTWorld]

An additional concern stems from what is not stipulated or stressed in
the agreement. For example, there is no clarity for the “status” of
the remaining parts of Nagorno-Karabakh, with a disregard for earlier
negotiations. And there is an obvious need for direct negotiations and
further agreements on several other implications and issues.

Such diplomacy to come should also include and incorporate all parties
to the conflict, including the democratically elected representatives
from Nagorno-Karabakh. Otherwise, any further exclusion of Karabakh
would only undermine the durability and sustaining power of this
agreement.

Agreement under duress

Although all sides seem to have accepted the Russia-crafted agreement
under differing degrees of duress or discomfort, for the
democratically-elected leaders of Armenia and Nagorno-Karabakh there
was little choice and no alternative.

The Azerbaijani capture of the strategic city of Shushi, the
second-largest in Karabakh, was a pivotal tipping point. As the
Karabakh Armenians lost the city, the magnitude of the disaster became
clear.

Retreating to the Karabakh capital Stepanakert, leaders in both
Karabakh and Armenia came to the painful realization that in order to
save the remaining civilians and salvage what remained of Karabakh,
there was little alternative but to accept the terms of the agreement
imposed and demanded by Moscow.

Most armed conflicts and nearly every war eventually follow their own
tempo, falling into a cycle of sustained force and suspended fighting.
And like a wildfire, such clashes dictate their own intensity and
determine their own pace before eventually burning out.

The ongoing war for Nagorno-Karabakh is no different and now seems
poised to reach a final exhaustive end.

[Photo: A man stands among the debris of a destroyed house hit by a
rocket strike during the conflict between Armenia and Azerbaijan over
the breakaway region of Nagorno-Karabakh in a residential area of
Ganja, Azerbaijan, October 21, 2020. Photo: AFP/Tofik Banayev]

Since the launch of a massive military offensive by Azerbaijan on
September 27, the unresolved conflict over Nagorno-Karabakh erupted
into a sudden and kinetic war. With daily combat driven by a sweeping
advance of attacking Azerbaijani forces, Armenian defenders were
largely overwhelmed by the sheer scale of the onslaught.

Empowered with direct Turkish military assistance and operational
support, the Azerbaijani offensive quickly expanded into an all-out
war that quickly achieved substantial gains in territory. Militarily,
this war was significantly different than the intermittent clashes of
the past three decades, with an offensive that was decisive in several
ways.

First, Turkey’s military support and direct engagement empowered and
emboldened Azerbaijani forces, helping to seize a vast swath of
territory to the south and a lesser area to the north and east of
Nagorno-Karabakh.

At the same time, Karabakh Armenian forces suffered staggering losses
of equipment, mainly as a result of precise targeting by Turkish and
Israeli military drones, or UAVs, that overwhelmed their outdated air
defense network.

Beyond the unexpected pressure from Turkish engagement, a second
equally significant factor that made this war so decisive was Russia’s
response.

Russia reasserts dominance

After a rather embarrassing public failure by Russia to conclude a
basic and temporary cessation of hostilities that fell short of a full
ceasefire, the sudden announcement of a Russia-backed “peace deal” for
Nagorno-Karabakh represents a real win for Moscow for several reasons.

First, the terms of this new agreement grant Russia the most important
of Moscow’s objectives: a dominant military presence on the ground.
The prior lack of any direct military presence in Nagorno-Karabakh was
one of the most distinctive aspects of the Karabakh conflict, standing
in stark contrast to every other such conflict within the former
Soviet Union.

That absence was a long-standing irritant for Moscow, reflecting the
limits of Russia’s capacity for effective power projection and
influence. But with this elusive goal now met, Russian peacekeepers
are now central to the credibility and sustainability of the new peace
deal, thereby granting Moscow an even more decisive role in the
region.

A second dividend for Russia stems from its enhanced leverage over the
Armenian government. Despite an uncharacteristically passive response
to Armenia’s “Velvet Revolution” in 2018, Moscow seems to have bided
its time and now has seized an opportunity to maximize pressure on
Armenian Prime Minister Pashinyan and his government.

[Photo: Russian President Vladimir Putin and Armenian Prime Minister
Nikol Pashinyan arrive at a meeting of the Supreme Eurasian Economic
Council in St Petersburg, Russia in a file photo. Image: Sergey
Guneev/Sputnik via AFP]

Enhanced Russian leverage will not only keep Armenia well within
Moscow’s orbit but will also greatly limit Armenia’s options and
orientation in seeking closer relations with the West.

In this context, Moscow may push for more Armenian compliance, whereby
Yerevan is in danger of mortgaging its independence and ceding
sovereignty to Russia.

And third, the Nagorno-Karabakh agreement was very much an individual
Russian initiative, meaning it was not pursued through the framework
or cover of the OSCE Minsk Group, which is co-chaired by the United
States, France and Russia.

This suggests that the Minsk Group’s format and structure is imperiled
by these latest Russia-led developments. Although the military phase
of the Karabakh conflict has ended, the diplomatic contest is only
just beginning.


 

Azeri offensive at village of Karmir Shuka thwarted by Artsakh Defense Army, 3 UAVs shot down

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 17:00, 9 November, 2020

YEREVAN, NOVEMBER 9, ARMENPRESS. The Azerbaijani offensive in the direction of the village of Karmir Shuka has been thwarted by the Defense Army of Artsakh, the Armenian Defense Ministry spokesperson Shushan Stepanyan said.

“The enemy offensive launched at 14:20 in the direction of Karmir Shuka has been thwarted. Fighting continues in the south-eastern direction,” she said, adding that the Artsakh military have shot down 3 Azeri UAVs in between 12:10-14:50.

Editing and Translating by Stepan Kocharyan

Azerbaijan Apologizes for Downing Russian Helicopter, Killing Two

New York Times
Nov 9 2020

The missile attack on a Russian military helicopter caused the first acknowledged deaths for neighboring powers in the war between Armenia and Azerbaijan.

  • A photo released by Armenia’s Emergency Ministry press office showing what it called the wreckage of a Russian military helicopter shot down near the Armenian-Azerbaijani border.Credit…Armenia's Emergency Ministry Press Office, via Associated Press

    By

    • Nov. 9, 2020Updated 4:17 p.m. ET

    TVER, Russia — Azerbaijan’s foreign ministry apologized on Monday for what it said was the accidental shooting down a Russian military helicopter, killing two crew members in an incident that threatened to draw Russia more deeply into an already escalating war between Armenia and Azerbaijan.

    Turkey, a member of the North Atlantic Treaty Organization, is backing Azerbaijan in the conflict, while Russia has a mutual defense treaty with Armenia. Both Russia and Turkey have denied any direct role in the fighting, and Russia has sought to broker a cease-fire. But the two countries are already at odds in wars in Syria and Libya, raising the risk that the fighting in the Caucasus could mushroom into a wider conflict.

    The attack on the helicopter was the first publicly known instance of Russian soldiers dying in the war. It came a day after Azerbaijan claimed a tactical victory in the fighting with the capture of a mountaintop town. At least 1,000 soldiers and civilians have already died in the short, bloody conflict.

    Russia’s Ministry of Defense said in a statement that its Mi-24 helicopter gunship was flying inside Armenia but close to the border with the Azerbaijani region of Nakhichevan when it was shot down by a shoulder-fired antiaircraft missile.

    It said the helicopter was escorting a column of Russian military vehicles assigned to a Russian military base in Armenia, and the aircraft wreckage is on Armenian territory. Two Russian aviators died and a third was wounded, the statement said.

    The Russian military issued a statement early Monday evening saying it was investigating who had fired the missile. The Azerbaijani apology followed quickly.

    “The Azerbaijani side expresses its sincere condolences to the families of the dead crew members and wishes a quick recovery for the wounded,” the Azerbaijani Foreign Ministry said in a statement. It called the attack a “tragic incident.”

    The statement said the helicopter had been flying low and in the dark, near Azerbaijani troops on high alert, in an area where Russian helicopters had not been seen before. “The decision was taken to open fire,” it said.

    By late Monday, the Russian government had not responded. President Vladimir V. Putin has said the mutual defense pact with Armenia only applies to threats to Armenian territory.

    Shortly after becoming independent of the Soviet Union, Armenia and Azerbaijan fought a war over a mountainous region, Nagorno-Karabakh, from 1992 to 1994, in which Armenian forces prevailed. The area is internationally recognized as part of Azerbaijan, but it has a majority Armenian population and declared independence from Azerbaijan.

    Since that war, the enclave and some adjoining parts of Azerbaijan have been under Armenian control, though there has been repeated skirmishing along its borders.

    Fierce fighting erupted in September, and Azerbaijan has reclaimed some of the territory it lost more than a quarter of a century ago.

    Putin: Russian peacekeepers headed for Nagorno-Karabakh as Azerbaijan & Armenia sign armistice

    RT – Russia Today
    Nov 9 2020


    Russian President Vladimir Putin has confirmed that Baku and Yerevan have struck a deal to end the conflict over Nagorno-Karabakh, and that Russian peacekeepers will be deployed along the line of contact.

    The agreement will create conditions for a long-term settlement of the crisis in the interests of both peoples, Putin said shortly after midnight Moscow time on Tuesday (22:30 GMT Monday), confirming reports of the armistice Armenian PM Nikol Pashinyan described as “painful” but necessary.

    Also on rt.com War over? Armenia’s Pashinyan says signed declaration with Russia’s Putin & Azerbaijan's Aliyev to END Nagorno-Karabakh conflict

    According to the text of the agreement that appeared in Russian media around midnight Moscow time – when the armistice was to take effect – Russia will deploy almost 2,000 peacekeepers along the line of contact and the “Lachin corridor,” the road connection between Nagorno-Karabakh and Armenia proper.

    These peacekeepers will move in as the Armenian armed forces withdraw, and will stay for five years, according to the draft. An automatic five-year extension of their mandate is envisioned, unless any of the parties objects six months before its expiration.

    Neither Armenian nor Azerbaijani forces are supposed to advance beyond their current positions. This leaves the remaining territory of the Nagorno-Karabakh autonomous region somewhat surrounded, with only a 5-kilometer-wide corridor to Armenia proper, under protection of the Russian peacekeepers.

    A new road is supposed to be built through the Lachin area over the next three years, to connect Armenia with Stepanakert, the capital of Nagorno-Karabakh. In parallel, another road will be built through Armenia to connect Azerbaijan with its enclave of Nakhichevan in the southwest. Until then, Russian border troops will supervise the existing road traffic through Armenia to Nakhichevan.

    Also on rt.com Azerbaijan & Armenia at war: What you need to know about bloody conflict over long-disputed region of Nagorno-Karabakh (MAP)

    The agreement also provides for the exchange of prisoners and bodies of the dead, and the return of “all refugees and internally displaced persons” in the territory of Nagorno-Karabakh and surrounding areas, to be supervised by the UN High Commissioner for Refugees (UNHCR). In theory, this would mean the return of both ethnic Armenians and Azerbaijanis displaced by the conflict since 1991, though it is unclear how that will function in practice.

    Nagorno-Karabakh was an ethnic Armenian enclave within the borders of the Soviet Republic of Azerbaijan, but seceded from Baku in 1991 as the Soviet Union began to collapse. A 1994 armistice froze the conflict with ethnic Armenian forces in control of most of Nagorno-Karabakh, as well as surrounding territory of Azerbaijan proper. 

    Renewed clashes over the region began in late September, and continued despite multiple ceasefires arranged by Moscow, and even one mediated by the US. The situation was aggravated by the fact that Azerbaijan received active support from NATO member Turkey, while Armenia is a member of the Collective Security Treaty Organization, a military alliance with Russia.