US Congress reducing financial aid to Armenia and self-appointed "Nagorno Garabagh Republic"

Thus, in 2008 the aide to Armenia will total $58.5 million and to Nagorno Garabagh-USD 3 million, which is lower than in 2007.

On June 12, 2007, the House of Representatives of the US Congress adopted its own version of the draft law for a fiscal year of 2008, according to which Armenia will receive $68 million as an economic aid from US and $6 million as a direct aid to the self-appointed "Nagorno Garabagh Republic".

Moreover, the draft law envisions military aid of $3 million to Armenia and Azerbaijan for external military funding and $500 thousand for international military education and trainings.

In line with the draft law, adopted by the US Senate on September 6, Armenia will receive $39 million which is $4 million higher than requested by the President.

Yet the draft law does not envision assets for the "Nagorno Garabagh Republic" or mention the parity issue in military aide.

On June 29 of 2006, the Committee on External Assignments of the US Senate approved the provision of financial aid to Armenia in the amount of $58 million for a fiscal year of 2007, which is $17 million lower as compared to a fiscal year of 2006, as well as assignments for the unrecognized "Nagorno Garabagh Republic" in the amount of $5 million, which is $2 million higher as compared to 2006.

/Day.Az/