Yerevan and Moscow to set up joint emergency fund in Armenia

Yerevan and Moscow to set up joint emergency fund in Armenia

YEREVAN, February 1. / ARKA /. Armenia and Russia will set up a joint emergency fund in Armenia that will store a wide variety of goods from Russian emergency fund –from food products to machinery and equipment, secretary of Armenia’s National Security Council, Arthur Baghdasaryan, told a news conference today.

The new structure, called "ArmRosGosRezerv» (Armenia-Russian emergency fund)  will be set up this year in Gagarin village in Gegharkunik province. According to Baghdasaryan, it will solve also some social problems like lack of jobs in the community.

"When products’ shelf life will be close to expiration, they will be sold at the Armenian market at prices significantly below normal, as it happens in Russia, "  Bagdasaryan said. He added that this issue will be handled by a Russian-Armenian working group.

Baghdasaryan said also that the two sides will set up a humanitarian emergency center near the village Balahovit (10 km north of Yerevan). The cost of this center estimated at $60 million, will be financed by both sides. The center will house a base of the Russian emergencies ministry, which will become a venue for conducting joint exercise of rescuers.

According to Baghdasaryan, Russian will deploy a special rescue unit of its emergencies ministry there, which, if necessary, will interact with Armenian rescuers. -0-

18:56 01.02.2014

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