“On February 14, the U.S. Administration released its budget for Fiscal Year (FY) 2012, which provides an overall reduction in funding for the Europe, Eurasia and Central Asia account (AEECA) from $742 million in FY 2010 to $627 million for FY 2012, which includes an allocation of $40 million for Armenia.  This allocation for Armenia represents a decrease of $1 million when compared to the FY 2011 level,” AAA reports.

“The Armenia Assembly strongly supports robust funding for Armenia and Nagorno-Karabakh,” stated Executive Director Bryan Ardouny.  “Given the ongoing blockades imposed on Armenia by its neighbors Turkey and Azerbaijan, U.S. assistance continues to help offset their effects through development and technical assistance,” he noted.