Moscow hopes Kiev not to use protests at parliament for escalation in DonbassRussian Politics & Diplomacy October 18, 19:52
Russian journalist and TV host Ksenia Sobchak says she plans to run for presidentRussian Politics & Diplomacy October 18, 19:08
Mariinsky ballet troupe waltzes across America captivating US audiencesSociety & Culture October 18, 18:51
Gazprom says more than half of Power of Siberia pipeline readyBusiness & Economy October 18, 18:23
Ukraine's special forces storming tent camp outside parliamentWorld October 18, 18:18
Vibrant colors of Moscow's autumnSociety & Culture October 18, 18:16
Baltic Fleet ships enter North SeaMilitary & Defense October 18, 18:05
Russia not eyeing branding US media outlets undesirable organizations — prosecutorRussian Politics & Diplomacy October 18, 17:39
Russian and Swiss researchers to explore burial mound in SiberiaSociety & Culture October 18, 17:08
MOSCOW, February 05. /ITAR-TASS/. Russia’s Gazprom increased its stake in Armenia’s ArmRosGazprom from 80% to 100%, the gas giant said in a statement on Wednesday.
Gazprom got the right to control shares in the Armenian company on January 21.
Last December the Armenian government decided to sell a 20 percent stake in ArmRosGazprom to Gazprom to pay off a part of its debt, $155 million, for Russian gas supplies in 2012. At that moment the debt for Russian gas supplies totaled around $300 million. Armenia accumulated the debt following reduction of gas prices for the population.
On December 2, Russia and Armenia signed an intergovernmental agreement on purchase and sale and further operation of the closed joint stock company, ArmRosGazprom.
ArmRosGazprom was founded in 1997 as a joint Russian-Armenian natural gas pipeline project. It buys Russian gas and distributes it through the ArmRosGazprom pipeline, mainly to the domestic market.