Grisha Balasanyan

Armenian Parliament Votes Down MP Bagratyan's Offshore Mining Bill

Earlier today, the RA National Assembly voted down a bill introduced by HAK MP Hrand Bagratyan seeking to regulate the operations of offshore companies in Armenia’s mining sector.

Those in opposition were the majotity Republican Paryy and its junior partner, Rile of Law. Those voting in favour were the Heritage Party, ARF, HAK and Prosperous Armenia.

The bill would has banned companies registered off-shore from operating mines in Armenia, in addition to prohibiting companies from exporting ore and finished products to companies registered offshore as of January 1, 2014.

The bill would have also banned companies in Armenia’s mining sector from purchasing equipment, technologies, raw materials, financial and other services from offshore registered companies.