Newsfeed

Tigran Khzmalyan: Armenia has linked its Noah's Arc to Russia's sinking Titanik that is still selling tickets

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

A delegation of South Caucasus Railway to attend 61st meeting of CIS Rail Transport Council in Baku

Georgian Ambassador: Armenia and Georgia are facing problems in their trade relations

ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Social Democratic (Hnchakyan) Party (SDHP) urges Armenia's leadership to inform the world community of Ankara's intention to seize Kessab

Heritage: Shant Haroutiunyan was convicted after Serzh Sargsyan's notorious speech at Columbia University in U.S.

Eduard Sharmazanov: Fairy-tales of the Turkish authorities about the Armenian genocide are simply funny

Between October 25-31 the 6th edition of ReAnimania to be held in Yerevan

Opposition MP Nikol Pashinyan urges Armenian Parliament to define concept of political prisoner

Armenian National Congress to do its best to free Shant Harutyunyan and his friends

Expert: Armenia's path and prospects in Eurasian Economic Union are vague

MP: Armenia, which has a ruined agriculture, can offer nothing to Eurasian market

Orphan Rug showcase in Washington is connected with tension in Turkish-US relations, Turkish media report

Naira Zohrabyan: Verdict against Shant Harutyunyan demonstrates that Armenia's judicial system is not independent

Armen Martirosyan: Armenian authorities do not want Armenia to lag behind Azerbaijan by number of political prisoners

OSCE MG Co-Chairs discuss preparations for upcoming summit hosted by French President later this month in Paris

VivaCell-MTS is the General Partner of the International Microelectronics Olympiad of Armenia

Beeline awards winners of My Beeline Armenia contest

RA Ombudsman Karen Andreasyan hosted at VivaCell-MTS

Armenia presents books on Armenian Genocide at Frankfurt Book Fair

Leader of Tseghakron Party Shant Harutyunyan sentenced to 6 years in jail, his son given a 4-year suspended sentence

Habitat for Humanity Armenia with the support of INECOBANK repairs entrances of apartment house in Yerevan's Shengavit community

Tatul Manaseryan: Armenia must not cherish hopes that EEU membership will give it more investments

Raffi Hovannisian hopes the opposition's steps will be clarified on October 24

Alexander Iskandaryan: Peace and war are the two things Russia does not need in the South Caucasus

VTB Bank (Armenia) reopens three more renovated branches

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.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields