Russia: Armenia at risk of dropping out of North-South transport projectOctober 24, 2022 - 16:16 AMT PanARMENIAN.Net - The western route of the North-South International Transport Corridor may pass through Azerbaijan and Iran instead of Armenia, if the latter does not tackle its transport blockade, Russian Deputy Prime Minister Alexei Overchuk told the Made in Russia 2022 export forum on October 21, Vedomosti reports. The official noted that the establishment of transport links between the western regions of Azerbaijan and Nakhijevan through the territory of Armenia or Iran is important for creating a "crossroad" of the main international transport corridors North-South and East-West. The implementation of these transport projects, according to Overchuk, will allow the economies of Azerbaijan, Armenia and Georgia to begin to receive "additional rent" associated with the advantage of their geographical position in Eurasia. The North-South Road Corridor crosses the territory of Armenia from the South to the North including Agarak-Kapan-Yerevan-Gyumri-Bavra highways and road infrastructures and is linked to the Georgian road network leading to Poti and Batumi ports. The road corridor is expected to facilitate and improve road connection with the two neighbors of Armenia – Iran and Georgia – providing access to international trade routes and markets. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |