Armenia paid its debt with assets. Can it escape Russia’s economic grip? | Eastern Express

Armenia’s 2002 assets-for-debt agreement settled approximately $93 million in obligations by transferring 5 enterprises to Russia. Benjamin Lee and his guest Raffi Elliott from Caucasus Signal Advisory examine how later acquisitions, concessions and supply agreements extended Russian involvement in strategic infrastructure. Gas ownership, railway operations and nuclear services now present different obstacles to economic diversification. Changes in telecommunications show that ownership can shift, while other sectors require new contracts, suppliers and physical investment. Can Armenia expand its economic independence while keeping essential services reliable and affordable?

Chapters:
00:00 - Intro
00:07 - The impact of Armenia's 2002 economic agreements
01:07 - The need for economic transformation in Armenia
03:13 - Looking east for export markets
05:30 - Armenia's 2002 agreement with Russia
08:50 - Interview with Raffi Elliott, Political Risk Analyst, Caucasus Signal Advisory
20:04 - Eastern News Flash

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