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They will wait for Russia’s reply

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"Shame", "Stay away from Teghut"," these were the slogans of a group of youth gathered near the "VTB" Bank today.

The protest was organized by the "Teghut Defense" group, which demanded the administration to stop funding the exploitation of the Teghut mines.

Let us remind readers that it is foreseen to construct a factory in the 1600 hectare area belonging to the companies of the "Valex" group, 214 hectare waste area and infrastructures. The "VTB" Bank will probably grant a 280 million dollar loan for implementing the first stage of the Teghut project.

This was the reason why the activists decided to participate in the protest. According to them, this will be a real disaster not only for the natural world, but also human beings. What is especially dangerous is the waste area that is being created for throwing all toxic materials.

The activists were raising awareness of the Teghut issue to those standing in front of the bank with slogans reading "We are nature, let's eliminate ourselves", "Stop the deforestation of Teghut" and "Teghut-death verdict for forests". The youth even organized a petititon in the capital in defense of Teghut.

As one of the activists Mariam Sukhudyan told ‘A1+", on April 21 they had sent a letter signed by nearly 30 NGOs to the Russian VTB administration asking them not to fund the destructive Teghut project until the evaluations of foreign independent experts.

"We will still try to make it clear for them in a civilized manner; otherwise, we will do everything to boycott the "VTB" bank and tell people not to make investments in the bank," said Sukhudyan.

After a while "VTB" Bank's Head of Advertisement and Public Relations Department Alexander Avetisyan approached the activists and said that the "VTB" Bank's manager's statement on possible funding was an error and it is not clear whether there will be funding or not.

The bank representative and activists decided not to wait a couple of days and wait for the Yerevan representation to act as a mediator to quickly receive the reply from Russia.