Source Pravda.Ru

Armenia to pay off debts to Russia

The Razdan thermoelectric power plant will be transferred to Russia to pay Armenian debts to Russia by September 5, 2003, Razdan thermoelectric power plant head Albert Bagdasaryan declared. According to him, the enterprise's shares amount to $31m. The plant has not been generating electric energy since June 2003, because there has been no demand for its energy in Armenia since the Armenian nuclear power station was put into operation, the Arminfo news agency reported.

The Razdan thermoelectric power plant is the fifth and the last enterprises to be given to Russia within the framework of the Russian-Armenian agreement on paying Armenian debts to Russia. The protocol on transferring other four Armenian companies worth $62.76m was signed by Russia on August 6, 2003. Armenia's main debt to Russia amounts to $93.7m and it will be paid off after the Razdan thermoelectric power plant is transferred to Russia.

Comments
Donald Trump suddenly falls for glorious Russian tradition to hold military parades
Students of UC reinvent the consumption of legumes
Iran's next moves on nuclear deal much more important - Kremlin
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russia threatens to raise tariffs on US goods worth $538 million
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Foreign Ministry official explains why Russia had to sell Alaska to US
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
British football fans spineless to unleash World War Three in Russia during World Cup
Pentagon's goal in the Middle East is to trigger major war between Israel and Iran
Venezuela may expect another Panama scenario from 1989
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'