Discussion on 'Assets for Debt' with Russia Held, Says Pashinyan

A discussion on 'assets for debt' has taken place with Russia, announced Prime Minister Nikol Pashinyan in response to a question from My Step Alliance MP Sergey Bagratyan, who raised concerns about the €270 million allocated by the EU being insufficient. He highlighted that in 2002, under the 'assets for debt' operation, Armenia provided five major strategic assets to Russia for $93 million, one of which, the Hrazdan Thermal Power Plant, is valued at over $1 billion.

“Our request and call have been that we do not want to take them back, but rather for investments to be made. The potential of those assets is not being utilized; the doors are simply closed, and we have discussed this issue with our Russian partners,” he stated.

Speaking about the EU allocated funds, Pashinyan noted, “The entire agenda of the EU meeting is about how the EU and the US are ready to help us work billions in Armenia without relying on this or that.”