Turkey may be forced to pay compensations to Armenian Genocide heirs?February 21, 2007 - 13:55 AMT PanARMENIAN.Net - The former head of the Turkish-American Foundation Assembly (ATAA), Ercument Kilic, has warned that Turkey could face heavy recompensation payments to Armenia in coming years. Asserting that "Armenia's aim in backing bills calling for the official recognition of the Armenian Genocide was to receive monetary recompensation", Kilic noted that certain American insurance firms had already begun to pay out recompensation to Armenians and that these payments would continue, reports Hurriyet newspaper. Kilic maintains that the large insurance firms will later turn to Turkey for recompensation for their financial losses. New York Life insurance company proceeded to payments to the heirs of the Genocide victims November 11. The sum destined for 1254 heirs living in Armenia makes $3.6 million. American Armenians will receive $2.7 million. In all, compensations will be paid to Armenians residing in 26 states of the world and will total some $8 million. The remaining sum will be distributed among benevolent organizations. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. |