live Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
Armenian Prime Minister Nikol Pashinyan has warned that a failure to quickly resolve restrictions on Armenian exports could mark “the beginning of the end” of the Russia-led Eurasian Economic Union (EAEU).
The restrictions are at the centre of a dispute between Russia and Armenia, in which Moscow blocked imports earlier this year of Armenian products, including fish -- a major export industry for Armenia - flowers, fruits and vegetables and other products.
Pashinyan said the restrictions were not solely an Armenian problem, but a challenge affecting the functioning of the entire bloc.
Pashinyan also said the current situation showed that the Eurasian Economic Union was effectively paralysed because it had not done anything to solve the problem.
“If this issue is not resolved quickly, allow me to predict that this will mark the beginning of the end of the EAEU,” he added.
Earlier this week, Pashinyan had a phone call with Russian President Vladimir Putin, during which he said the trade restrictions violated agreements between the two countries and breached the rules of the EAEU, of which both are members.
Pashinyan said he also told Putin that Armenia had the right to find different solutions.
“The Republic of Armenia has the legitimate right to develop alternatives for itself. I told the President of Russia that we have declared this course and we will follow it, especially now that the people of the Republic of Armenia have voted in favour of it,” he said.
“As I said during the election campaign, I cannot imagine ending up in a situation as a result of our policies where the Republic of Armenia has no alternatives,” he said.
Pashinyan has also addressed the possibility of holding a referendum on whether Armenia should pursue membership of the European Union or remain in the Eurasian Economic Union.
He said Armenia would first need to formally apply for EU membership before such a referendum could be held.
Moscow has already warned Armenia that it could be suspended from the EAEU if it continues pursuing EU membership.
Armenia is heavily dependent on Russia for energy supplies, while Russia accounted for about 35% of Armenia's foreign trade last year.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
Alexey Chadayev has resigned as an advisor to Russia’s transport minister after Azerbaijan placed him and two other Russian citizens on an international wanted list over alleged calls for violence and terrorism, amid a widening diplomatic row between Baku and Moscow.
At least six Palestinians have been killed in an Israeli airstrike in Gaza City, according to Palestinian health officials, as efforts by U.S. President Donald Trump’s administration to advance a plan to end the war remain deadlocked.
Georgia’s newly elected Catholicos-Patriarch Shio III is set to visit Istanbul, with the upcoming trip discussed during a meeting with Metropolitan Emmanuel of Chalcedon, a representative of Ecumenical Patriarch Bartholomew I.
Azerbaijan’s strategic rise is turning it from a transit state into a regional rule-setter, with the Middle Corridor giving Baku growing influence far beyond its size, analyst Ahmad Alili says.
Kyrgyzstan is seeking to boost fuel imports from China as it looks to diversify supplies and reduce the risks of its heavy reliance on Russia.
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