Russia’s Gazprombank sells its Armenian subsidiary Areximbank to investors from Armenia
11.10.2016,
12:01
Gazprombank has sold Areximbank, its Armenian subsidiary, which got under US sanctions in September, to a group of investors from Armenia, RIA Novosti reported on Monday referring to Gazprombank.
YEREVAN, October 11. /ARKA/. Gazprombank has sold Areximbank, its Armenian subsidiary, which got under US sanctions in September, to a group of investors from Armenia, RIA Novosti reported on Monday referring to Gazprombank.
“Gazprombank has sold 100% of Areximbank’s shares to a group of investors from Armenia,” the bank’s press office says. “Along with that, Gazprombank continues participating in the implementation of a number investment projects in this republic [Armenia].”
It was reported earlier that on October 7 Gazprombank stopped running 100% of the Armenian-Russian Export-Import Bank.
The Office of Foreign Assets Control of the US Department of the Treasury imposed sanctions against a number of subsidiaries of Russia’s Gazprombank and other entities.
Areximbank stated then that the sanctions will have no impacts on clients and the bank’s work. --0---
“Gazprombank has sold 100% of Areximbank’s shares to a group of investors from Armenia,” the bank’s press office says. “Along with that, Gazprombank continues participating in the implementation of a number investment projects in this republic [Armenia].”
It was reported earlier that on October 7 Gazprombank stopped running 100% of the Armenian-Russian Export-Import Bank.
The Office of Foreign Assets Control of the US Department of the Treasury imposed sanctions against a number of subsidiaries of Russia’s Gazprombank and other entities.
Areximbank stated then that the sanctions will have no impacts on clients and the bank’s work. --0---
