Moscow, 16 January: The Armenian government is ready to repay the debts on loans it received from Russia in the past years by handing over some of its property to the Russian government, Armenian President Robert Kocharyan said on Thursday [16 January] at the talks with [Russian] Prime Minister Mikhail Kasyanov.
Armenia has already paid off the debts for energy resources, and it is high time now other debt issues were settled, he said, adding that the two countries had reached agreement on the list of assets at the end of last year.
Russia is expected to get stakes in the Mars joint-stock company, two research institutions and the immovable assets of Razdan thermal power plant.
Kasyanov said, on his part, that Russia believed in the importance of practical strategic partnership with Armenia. The decisions that the two countries had taken in the last two years laid solid grounds for the progress of bilateral ties, he indicated.
Kocharyan urged the Russian counterparts to consider plans for long-term business relations with Armenia. “People never draw up business plans for just another 12 months,” he said.
Source: ITAR-TASS news agency, Moscow, in English 1535 gmt 16 Jan 03
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