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Political expert: Moscow has no part in collapse of Prosperous Armenia Party

Israeli publicist: On April 24, Israel's delegation will be in Yerevan, not in Ankara

Eduard Sharmazanov: Armenian opposition faces hard times

Vartan Oskanian: I stop my activities in PAP and perfectly realize my share of responsibility for Party's failure

In 2014 Beeline's investments in Armenia grew by $3 mln to $14 mln

Naira Zohrabyan: Prosperous Armenia Party to promptly restore its rating in political field

Aboyan City Mayor, Gagik Tsarukyan's Son-in-Law Severed from PAP; He Retained Mayor's Office

Naira Zohrabyan officially declares Prosperous Armenia Party as opposition

Expert: Law "On cinematography" to give a fresh impetus to development of Armenian film industry

Viva Cell-MTS offering AMD 90 per minute in roaming

Armen Martirosyan: Gagik Tsarukyan's decision to leave his post is not authorities' victory over opposition

Gagik Tsarukyan: I Have Nothing to Do with "Prosperous Armenia" Anyomore - That is My Own and Final Decision

Expert: On March 1, Levon Ter-Petrosyan threatened Moscow to yield Liberty Square to pro-Western forces

"Prosperous Armenia" Congress Finished Having Hardly Begun

Expert: New government may be formed in Armenia this year

Economic crisis in Russia did not spark outflow of Armenian labor migrants

Diplomatic Source: Armenia's International Image Besmirched by Internal Political Tiff Over

XII IFF "Golden Apricot" to Take Place in Yerevan on July 12-19

Founding Parliament: Gyumri Municipality impeding Zhirayr Sefilyan's meeting with local residents

USA Ambassador: Armenia and Azerbaijan Parties Should Refrain from Taking Actions that would Escalate the Tension of Karabakh Conflict Situation

Mass Media: Tigran Urikhanyan decides to step down as parliamentarian

Robert Kocharyan and Levon Ter-Petrosyan in a Foreign Policy Accomplishments Competition

Gagik Tsarukyan to step down as chairman of Prosperous Armenia Party and to renounce his deputy mandate

British Film Festival 13th Love Edition to be held in provinces of Armenia

Ex-foreign minister Vartan Oskanian and others to announce their withdrawal from Prosperous Armenia Party at tomorrow's PAP congress

Head of Heritage Faction: EPP resolution on Armenian Genocide is the result of victory over party interests

Kiro Manoyan: EPP resolution on Armenian Genocide unprecedented by its contents

First president of Armenia to receive life pension

Levon Zurabyan: Armenian special services spend resources on spying on oppositionists rather than on collecting data about Azerbaijan

Armenian Parliament amends Law on Turnover Tax in first reading

Edward Nalbandian: Armenia has submitted a Genocide Prevention Resolution to UN Human Rights Council

Russian Railways: Events in Ukraine have reduced flow of passengers using Russian Railways' services

Press: Naira Zohrabyan to head Prosperous Armenia Party

Russian Railways: Fluctuation of currency rate must not have any significant impact on railway tickets in CIS

The 15th meeting of CIS Council for Rail Transport (CRT) Passenger Commission kicks off in Yerevan

Media outlets: Prosperous Armenia Party collapsing

Mass Media: President of Armenia Serzh Sargsyan will submit draft constitutional reform in two weeks

World-Known Pianist Evgeny Kissin is to Perform in Yerevan

Beeline Smart - one of the Most Sold Phones in Armenia

Eurovision-2015: Mary-Jean O'Doherty Vasmatzian the Fifth Participant of "Genealogy"

Nairit Plant employees threaten to sit on hunger strike unless their salaries are paid

Armenian Culture Ministry elaborates a law "On Cinematography"

RF Prosecutor General: Valery Permyakov cannot be transferred to Armenia, as he is a citizen of Russia

Gagik Mkrtchyan: Our country not only can but also should develop industrial production

Access to ACBA-ONLINE system now possible through Token APP

Armenian soldier killed on Line of Contact

Beeline Opened a New Sales and Service Office in Sevan

Zhirayr Sefilyan does not want to comment on Levon Ter-Petrosyan's statements

Comrades-in-Arms of Albert Safaryan have been Detained Based on the Case of the Soldier's Suicide

Karine Danielyan: Oil and gas prospecting near Sevan will be devastating for the lake

VTB critical of EU's decision to restrict its access to capital markets

  • by Karina Melikyan

  • Friday, August 1, 16:02

 VTB is critical of the EU's decision to restrict its access to capital markets.

According to the press service of VTB Bank (Armenia), this is contrary to the democratic values of the Europeans, who are just doing the Americans' bidding against their own interests.

VTB believes that the EU's decision is contrary to the basic principles of free market and discriminate not only VTB but lots of international investors. "In fact, the European authorities have assumed to themselves the right to decide where they can invest their money and where they cannot," VTB says, adding that despite the sanctions it will continue working as usually and meeting all of its obligations to investors, shareholders and customers. 

In response to the statement of the United States Embassy in the Republic of Armenia, Russian Federation's Embassy in Armenia has expressed its official stance: "It does not become a diplomatic mission to dictate the host country's authorities with whom and how they should maintain ties, especially using suggestive threats against the sovereign state. We suppose that the business community of Armenia is also able to independently see into the matter of business conduct and does not need any prompts", says the Russian Embassy's statement sent to ArmInfo.    

The Embassy of the Russian Federation in Armenia had to appear with such a statement in relation to the U.S.  Embassy's statement disseminated among the state and business structures of Armenia. The U.S.  statement concerns the risks stemming from the cooperation with the Russian companies and individuals on the list of the U.S.  sanctions.     

"We are concerned about the U.S. attempts to complicate the activities of Russian business in Armenia. All the Russian companies in Armenia, including VTB Bank (Armenia) and Areximbank-Gazprombank Group are under the jurisdiction of Armenia, operate within the limits of Armenia's legislation, obtain profit and pay taxes in Armenia and secure the employment of the major part of Armenia's population. The calls to stop the contacts with the Russian companies disavow the U.S. representatives' hypocritical statements about their willingness to contribute to Armenia's economic development. One also definitely observes obvious elements of dishonest trade and economic competition in the USA's actions", says the official statement of the Russian Embassy in Armenia. 

The Russian Embassy takes the opportunity to reiterate the contrivedness and illegitimacy of the United States' anti- Russian sanctions, which will only complicate the Russian- U.S. relations and create an extremely unfavorable environment in international affairs.  "Giving the impression of "consistency" in its current behavior, Washington, in fact, is trying to escape responsibility for the tragic developments in Ukraine and to settle accounts with Russia for the latter's independent policy", says the Russian Embassy in its statement.

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