Newsfeed

Renewed commitment at the highest level needed for Karabakh conflict settlement, Warlick says

Russia is responsible fulfilling its duties in Karabakh peace process

NKR Defense Army repels one more sabotage attack of Azerbaijani troops

Turcologist: Holding Off-Year Parliamentary Elections in Turkey Seeks to Transfer the Country into Presidential Government

VivaCell-MTS and Fuller Center for Housing Armenia Continue Partnership

VII PanArmenian Barbeque Fest to Take Place on Sep 12

Heritage to take no part in discussions on constitutional reforms with President

Stepanakert: NKR Defense Army keeps a tight rein on adversary

Manvel Sargsyan: Constitutional referendum is aimed at destroying the basis of Armenian statehood – the presidency institution

U.S. Ambassador: "One of the most effective drivers of cooperation is common business interests"

Gevorg Kostanyan requests his Azerbaijani colleagues to inquire into death of Armenian citizen Karen Petrosyan

Artak Zakaryan: We will be following Venice Commission's recommendations as much as they will meet our traditions and mentality

VTB Bank (Armenia) most recognizable bank brand in Armenia

Ucom not Clear about Orange Brand Future

Russian Air Carriers to Raise Air Ticket Prices again

Air Armenia Company embarks on second phase of overcoming stress period

Armenian Foreign Ministry has no data so far if there are citizens of Armenia among affected people in storm-stricken Batumi

Anelik Bank implemented a joint Hotel Express VISA Gold card

Expert: The new RA Constitution shall affirmatively authorize the same-sex marriage

Internet in the 37497 mobile networks

Prosecutor General's Office: No criminal case will be opened on the matter of beating of Air Armenia owner

So far the environmentalists have no response from the Prime Minister on restoration of the Iranian Urmia lake at the expense of Sevan

Applications for "Certification of Organic Agricultural Product" Contest now Available on ACBA-Credit Agricole Bank Website

Beeline expands mobile coverage in Yerevan and Aragatsotn

Levon Zurabyan: ANC Declining Serzh Sargsyan's Invitation to Participate in Discussions on Constitutional Reforms

ACBA ON-LINE system is replenished with a new feature - from now on all ACBA ON-LINE users have an opportunity to make transfers from their card accounts

Venetian Commission: We will not Fuel Debates among Political Powers of Armenia.

Iranian Ambassador: Tehran began to pay more attention to Karabakh peace process

Artsrun Hovhannisyan to Zakir Hasanov: Self-deception not the best way to work

Georgian Foreign Ministry condemns restoration of Abkhazian railway

Newspaper: Company of former member of Republican Party, MP Tigran Arzaqantsyan turns bankrupt

Palestinian Embassy in Azerbaijan says Palestine will not open embassy in Armenia

Volunteers from the Diaspora hosted at VivaCell-MTS headquarters

Over 6 thousand children from Tavush will undergo free ophthalmologic examinations thanks to Orange Foundation

VTB Bank (Armenia) launches Anelik-Visa Direct service - transferring money directly to Visa accounts

Economist: The Regulator probably retains the USD agiotage

Orange Foundation supports "Lunettes pour l'Armenie" program in Tavush

ARFD: If draft new Constitution is passed, Republic Party will lose its power in three years

Areximbank-GPB Group looks to develop SME finance as promising sector

Russian businessman German Sterligov weighs lawsuit against Azerbaijan at ECHR

Regional

US Embassy urges Armenian businessmen to refrain from contacts with Russian companies

  • by Arthur Yernjakyan

  • Thursday, July 31, 15:36

The Embassy of the United States in Armenia has sent Armenian businessmen messages urging them to refrain from contacts with Russian companies as this implies additional reputational risks, President of the Union of Manufacturers and Businessmen of Armenia Arsen Kazaryan told journalists on Thursday.

He said that such messages are being distributed all over the world.  "Let's not panic. I don't think our companies will suffer in any way.  Our subsidiaries of Russian banks cannot be affected by the sanctions as they are separate legal entities, earning money and paying taxes in the territory of Armenia. Our businessmen have not frozen their plans, are not worried about the sanctions and continue working as usually," Kazaryan said, noting that Armenia is interested in improved relations between the world community and Russia.

In its message the US Embassy calls on all companies to consider the reputational risks they may face as a result of joint business with sanctioned physical and legal entities from Russia and to stop any contacts that are contrary to the sanctions imposed by the United States and other countries. The Embassy warns that non-Russian companies may also face sanctions if they provide material support to sanctioned companies and individuals.

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