  Armenian parliament OKs stolen asset recovery bill in first reading March 5, 2020 - 12:40 AMT PanARMENIAN.Net - The Armenian National Assembly on Thursday, March 5 adopted a bill on stolen asset recovery in the first reading The measure was approved with 92 votes cast in favor, 2 against and 18 abstentions. Once the bill gets a final green light after the second reading, it will enable the confiscation of assets worth AMD 50 million or more (approx. $150,000) whose acquisition can’t be traced to legal income sources. Asset recovery is the process of tracing, freezing, and returning illegally acquired assets to the jurisdiction of origin. In this case, the assets can pass to the ownership of either Armenia or another country.   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 |  Latest news Turkey extends military presence in Azerbaijan  The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops.Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skillsArmenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi ArabiaPashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |
