Economist: some 50 billions are needed in 2021 for overcoming consequences of war in Karabakh

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YEREVAN, December 18. /ARKA/. At least 50 billion drams should be channeled next year into the projects to overcome the consequences of the war in Artsakh (Nagorno-Karabakh), Armenian economist Vahagn Khachatryan said at a press conference on Thursday.

According to him, the complete elimination of all the consequences caused by the war may require as much as 100 billion drams (more than $200 million).

According to him, this much of resources will be required to restore various spheres of life, taking into account human and other losses sustained during the hostilities.

“I spoke with the officials of Artsakh, who said that their losses amount to $1.5 billion. These are movable and immovable property, the economy and so on,” Khachatryan said.

According to him, the first thing the government had to do was to document all the losses caused by the Azerbaijani aggression.

‘The political situation and the economy are very closely related, and in this regard, political decisions are important,’ he said.

“There is a feeling that everyone’s desire to get engaged in the solutions of the tasks that can be solved by the Central Bank or the government or other institutions has died out,” Khachatryan said.
Khachatryan said the successful solution of economic problems depends on the country’s early exit from the political crisis.

From September 27 to November 9, Azerbaijani armed forces, backed by Turkey and foreign mercenaries and terrorists, attacked Nagorno-Karabakh along the entire front line using rocket and artillery weapons, heavy armored vehicles, military aircraft and prohibited types of weapons such as cluster bombs and phosphorus weapons.

On November 9, the leaders of the Russia, Azerbaijan and Armenia signed a statement on the cessation of all hostilities in Artsakh. According to the document, the parties stopped at where they were at that time. The town of Shushi, the districts of Agdam, Kelbajar and Lachin were handed over to Azerbaijan, with the exception of a 5-kilometer corridor connecting Karabakh with Armenia.

A Russian peacekeeping contingent has been deployed along the contact line in Karabakh and along the Lachin corridor. Internally displaced persons and refugees are returning to Karabakh and adjacent regions, prisoners of war, hostages and other detained persons and bodies of the dead are being exchanged.

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