Wednesday, July 11, 2012

Overture or Scheme?: West and Russia use lending as means to wield influence over Armenia

Unofficial negotiations have started with the government of Russia regarding the allocation to Armenia of a large loan in the near future, writes the Haykakan Zhamanak daily.

According to the opposition newspaper, the matter is most likely to concern a sum of $800 million to $1 billion. The paper says the Armenian authorities began negotiations with the Russian side soon after they got a refusal from the European Union regarding the allocation of $1.5 billion to Armenia.

The Armenian government has not yet commented on this information, but the ex-foreign minister of Armenia, member of the Prosperous Armenia Party Vartan Oskanian has already voiced his concern over the possible development in remarks on his Facebook page.

Armenian News

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