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The Armenian Government has discussed investment projects in Russia, including industrial ones, as Armenian PM Nikol Pashinyan told the journalists while answering their question at the EEU headquarters. The negotiations with the Russian partners had launched before arriving in Moscow in the course of Davos economic forum where Pashinyan had a meeting with Chair of VTB Bank Andrei Kostini, Russian Business Ombudsman Boris Titov and other important representatives of businesses and economic departments of Russia.
Pashinyan noted that they discussed with Titov the opportunities of making business ties between Armenia and Russia closer.
Under the Prime Miniter, they need time to implement investment projects and this time must be used most effectively.
'We discussed not the extends of the investment, but their content,' Pashinyan said and added that they are discussing with the VTB the matter of funding Teghout copper and molybdenum mine. Alaverdi mine and copper smelter ensure over 1000 working places in the north of Armenia while black copper is in the top 10 of exported commodities.
'We hoped we would be able to resume the operation of Teghout by the end of 2018, nevertheless, there were problems with the court. As far as I know, there are in the process of settlement and we hope that the VTB Bank can make arrangements with the operation in charge of the mine management,' Pashinyan outlined.
January 25, 2019 at 17:41