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Vice-Premier: Damage caused to Azerbaijan by Armenia’s occupation policy totals over $300 billion

Armenian-Azerbaijani conflict Materials 20 April 2013 12:09 (UTC +04:00)
The preliminary estimate of the damage caused to Azerbaijan due to the occupation policy of Armenia was promulgated.
Vice-Premier: Damage caused to Azerbaijan by Armenia’s occupation policy totals over $300 billion

Azerbaijan, Baku, 19 April / Trend E. Mehtiev /

The preliminary estimate of the damage caused to Azerbaijan due to the occupation policy of Armenia was promulgated.

As a result of research carried out in conjunction with international rating agencies, the preliminary estimate of the damage caused to Azerbaijan due to the occupation policy of Armenia was valued at more than $300 billion, and this amount will increase, the chairman of the State Committee for Refugees and IDPs, Deputy Prime Minister Ali Hasanov told reporters.
According to him, earlier, the damage caused by Armenia was estimated at $60-70 billion.

"However, a member of the Milli Majlis Khanhuseyn Kazimly has offered to once again calculate the damage with the help of international rating organizations. The head of state has issued a commission in this regard, and we have studied this issue. A series of activities were undertaken, and this process continues," Hasanov said.
Someday, Armenia will have to pay the damage, Deputy Prime Minister said, adding that the state budget of Armenia amounts to $3 billion, and the way they are going to compensate the loss remains unknown.

"The Government of Azerbaijan will present all of these requirements to international structures. Therefore, Armenia needs to take a constructive approach," Hasanov said.

According to Hasanov, if Armenia takes a constructive approach, the countries sign a peace treaty and begin the process of returning, Azerbaijan might make certain concessions in the payment of indemnity. Otherwise, the government of Azerbaijan will work through the international organizations.

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