An American court is currently pending a billion-dollar lawsuit against the government of the former Soviet republic of Turkmenistan. The sum of the lawsuit is equal to one-third of the annual export of Turkmenistan…
The US company Lybra International Holding Group Corp. is suing the Agricultural Ministry of Turkmenistan in the Columbia DC federal court. According to the claimant, the problem occurred over the ministry’s debt on 1992 contracts to deliver equipment and technologies for two sugar-making plants. Turkmenistan was supposed to pay a certain part of the services with cotton, although there were no deliveries made….
USA’s largest companies, such as American Airlines, Bell Hellicopter – Textron, Boeing, Caterpillar, General Electric, Halliburton, ITT, Mobil Oil, Motorola, Sikorski Aircraft, Ford Motors Corporation, conduct their activities in Turkmenistan. It is an open secret that huge corporations have a rich experience of working in authoritarian countries, in the Middle East, first and foremost. Powerful corporations can easily reach out for high-ranking officials, with whom they settle all disputes and sign business contracts. Advisors of such enterprises may often represent the local elite, experts say.
The US small and medium-sized business left Turkmenistan in the middle of the 1990s. Washington has repeatedly criticized Turkmenistan for unbearable conditions for business in the country….link
Links of interest
Report: US favors Turkmenistan gas
