Armenia has fully paid off her debt to Russia, which totaled about USD 100 million. According to the government's press department, this was announced yesterday by Russian Prime Minister Mikhail Kasyanov at the end of Russian-Armenian intergovernmental talks. In order to pay off her debt, Armenia gave Russia the following enterprises: the Mars metal firm, the Razdan Power Station, the Yerevan Materials Research Institute, and the Yerevan Research Institute for Systematized Control Systems.
According to Kasyanov, all technical and organizational questions related to these enterprises will be resolved by April 2003. 'We believe that the potential of these enterprises will be fully realised in programmes that exist in Russia and that the enterprises themselves will be integrated into the country's production sphere,' he stressed.
After WWII, the Soviet army left Austria, and the latter had always remained a neutral state and never joined NATO
Russia experienced default on August 17, 1998. Today, 20 years after those events, the economic situation in Russia does not seem stable to many