Armenia’s ‘Assets-for-Debt’ Hinders Economic Decoupling from Russia (Part One)
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Executive Summary:
The 2002 “Assets-for-Debt” agreement, concluded in exchange for settling approximately $93 million of Armenia’s external debt, marked the start of a gradual transfer of control of a significant portion of the country’s strategic infrastructure to Russia.
The deal gradually expanded to include sectors such as natural gas, electricity, railways, telecommunications, and nuclear energy, laying the foundation for Russia’s economic influence in Armenia over the past two decad
The 2002 “Assets-for-Debt” agreement, concluded in exchange for settling approximately $93 million of Armenia’s external debt, marked the start of a gradual transfer of control of a significant portion of the country’s strategic infrastructure to Russia.
The deal gradually expanded to include sectors such as natural gas, electricity, railways, telecommunications, and nuclear energy, laying the foundation for Russia’s economic influence in Armenia over the past two decad
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