Russia Casts Doubt on Armenia's Reasons for Nationalizing Electric Networks of Armenia
A senior Russian diplomat said Yerevan's move to take over the power distribution firm appears politically motivated rather than justified on the grounds cited by Armenian authorities.
Russia has questioned the justifications offered by Armenian authorities for the nationalization of Electric Networks of Armenia (ENA), according to a report by the Russian state news agency TASS.
Mikhail Galuzin, a senior Russian diplomat, was quoted as saying that the move "in reality... looks more like a politically motivated crackdown on one of the competitors in the domestic arena," rather than an action grounded in the legal or economic reasoning presented by Yerevan.
The statement, attributed to Galuzin in the TASS report, suggests Moscow views the nationalization with skepticism, though the report did not detail the specific justifications Armenian officials had given for the takeover.
TASS did not provide further comment from Armenian officials in the excerpt reviewed, and it remains unclear what specific response, if any, Yerevan has made to Russia's characterization of the move.
The report did not specify additional details about the ownership structure of Electric Networks of Armenia or the timeline of the nationalization process.
Sources
- Russia questions Yerevan's justifications for nationalizing Electric Networks of Armenia — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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