The British Embassy in Armenia hopes that the Armenian government and Lydian International will continue discussions towards a solution.

At the request of Banks.am, the embassy commented on Lydian U.K. Corporation Limited’s decision to formally notify the Armenian government of the existence of disputes with the government.


“Lydian International has informed the British Embassy in Yerevan of the decision of Lydian U.K. Corporation Limited formally to notify the Government of the Republic of Armenia of the existence of disputes with the Government of Armenia under the 1996 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Armenia for the Promotion and Protection of Investments.

It is regrettable that the unresolved issue relating to the Amulsar project has led to this decision and it is hoped that the Government of Armenia and Lydian International Ltd will continue their discussions towards a solution,” the embassy told Bank.am.