PM says Iran sanctions adversely affect Armenian economyNovember 26, 2012 - 18:27 AMT PanARMENIAN.Net - International sanctions against Iran adversely affect Armenia, Prime Minister Tigran Sargsyan said. “The sanctions nullify Armenia’s cooperation opportunities with Iran, including transit transportations. This causes serious problems in terms of organization of export to the Middle East, reducing diversification prospects,” Prime Minister Sargsyan said in interview with Interfax. In this context, he noted that sanctions against Iran, including those affecting currency transactions have deteriorated business relations with Armenia. “EU, IMF and the World Bank are well aware of the serious damage inflicted on Armenian economy. Many European countries experience similar problems over the international sanctions,” he said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |