G20 discuss potential impact of Iran oil sanctionsFebruary 27, 2012 - 10:01 AMT PanARMENIAN.Net - A senior G20 official said on Sunday, Feb 26, there was considerable discussion on the sidelines of the Mexico G20 meeting about the potential impact that sanctions against Iran may have on the global economic recovery. According to Reuters, the official, speaking on condition of anonymity, said the discussions had been constructive and focused on consumers' and producers' plans for ensuring that higher oil prices did not derail the fragile global recovery. The official said there had been no talks among the Group of 20 finance ministers about releasing some reserves of oil that their nations hold in a bid to tamp down oil price speculation. The official also said that most of the two-day talks focused on curbing Europe's debt crisis and said there was broad agreement about the need for Europe to bolster its financial firewall against potential contagion. The calls came from both inside and outside Europe, and were not emanating from any single country, the official emphasized. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | IDBank, Dalma team up for Caucasian Deer Reintroduction Program IDBank has joined Dalma Garden Mall’s Green Challenge to support the Caucasian red deer reintroduction project. Through Ucom’s support the 12th Sunchild Festival concludes On May 24-28, with the support of Ucom, the 12th international environmental festival Sunchild took place in Yerevan. U.S., Turkey emphasize importance of Armenia-Azerbaijan peace deal Jake Sullivan and Akif Cagatay Kilic have discussed the normalization process between Armenia and Azerbaijan. Armenia coach expects good football in Slovenia friendly The Armenian national team has left for Ljubljana a friendly match against Slovenia on June 4. |