02/07/2013 13:34
168 Hours: Nairit may be declared bankrupt
‘168 Hours’ paper writes citing its sources that the Armenian prime minister’s brother, deputy director of Nairit Plant CJSC Ashot Sargsyan has resigned.
“The resignation of Tigran Sargsyan’s brother at a time when the Armenian government and Rosneft Company (Russia) should take a decision on Nairit and when the Moscow arbitration court examines the Interstate Bank’s lawsuit against Nairit gives reason to think that there is nothing to do at the plant anymore. The Russian side has no intention to assume the plant’s debt liabilities, the Armenia government has no buyers, and in all likelihood the Moscow arbitration court will declare it a bankrupt and sell as scrap metal,” the newspaper said.