YEREVAN, May 2./ARKA/. Armenia’s government should strictly control the activity of the  offshore enterprises which invest in Armenia as well as export and sell goods, Prime Minister Tigran Sargsyan said at Thursday government session.

“We see here very serious risks which can result in dodging financial commitments and obligations to Armenia,” Sargsyan said.

Armenia’s government rejected Thursday the bill submitted by parliament deputy and former PM Hrant Bagratyan on “Regulation of mining industry operations in Armenia made by the companies registered in the offshore zones.” The Cabinet assessed the bill as inappropriate as “it is controversial in juridical terms.”

PM noted that Bagratyan’s position meets the government’s policy though.
That is why, he instructed acting finance minister Vache Gabrielyan to study Bagratyan’s proposal in more details and cooperate with him.

Bagratyan’s bill bans offshore companies to have capital in mining industry and Armenian enterprises to sell mining production to offshore companies. —0-