Russia may seek compensation from Armenia if Yerevan changes the terms of the South Caucasus Railway (SCR) agreement without mutual consent, Russian Economic Development Minister Maxim Reshetnikov said.
Russia has the right to seek compensation from Armenia if Yerevan revises its obligations under the South Caucasus Railway agreement without mutual consent, Maxim Reshetnikov said.
He said the railway operator is not a free asset of a Russian company but an enterprise developed through Russian investment and contractual commitments.
“The South Caucasus Railway is not a free asset of a Russian company, but an enterprise in which we have already invested more than 30 billion rubles, purchased new rolling stock and developed infrastructure under contractual obligations.”
Reshetnikov dismissed Armenia’s possible introduction of rental payments for the use of its railway network, calling such demands unfounded.
“Raising the issue that Russia should pay additional payments to Armenia is unfounded,” Reshetnikov said.
He added that if the agreement is changed unilaterally and the investor suffers losses, Russia would have grounds to seek compensation.
Earlier, the chief executive of Russian Railways (RZD) Oleg Belozerov said the company intends to continue operating under the existing concession agreement.
“We intend to adhere strictly to the agreement, and if the Armenian side is considering terminating the contract or changing its terms, we are entitled to expect reimbursement of the investments we have made,” Belozerov said.
The remarks followed Armenian Prime Minister Nikol Pashinyan’s comments about seeking alternatives in relations with Moscow.
Iran’s army said it targeted U.S. military facilities in Bahrain and Kuwait with drone attacks. Tehran said the operations were carried out in retal...
Russia may seek compensation from Armenia if Yerevan changes the terms of the South Caucasus Railway (SCR) agreement without mutual consent, Russian E...
Pakistan and Saudi Arabia have welcomed Jordan's proposal to convene a meeting of Arab and Islamic countries to address the worsening situation in Pal...
French DJ and electropop musician Kavinsky, whose atmospheric sound shaped a generation of electronic music fans, has died at the age of 50, French authorities said on Tuesday.
Saudi Arabia said its overnight strikes on Iran-backed group targets in Iraq were carried out in self-defence and warned it would take further military action if the groups launched new attacks against the kingdom.
The U.S. military said it completed its latest wave of strikes on Iran, a two-hour operation that hit dozens of targets. Washington described the strikes as a "powerful response" to Iranian missile attacks targeting U.S. forces in the Middle East a day earlier.
A fire involving two gas vessels at Egypt's Damietta port has prompted conflicting reports over whether the incident was caused by a drone strike or an onboard technical fault. Egyptian authorities said there were no casualties.
The death toll from the powerful earthquake that struck Japan’s southwestern Kumamoto prefecture has risen to 30, Prime Minister Sanae Takaichi said on Thursday, as water and power shortages left survivors exposed to extreme summer heat.
Georgian Post is no longer focused solely on delivering letters and parcels across Georgia. The state postal operator is transforming into a regional logistics hub following a new agreement with Cainiao, the logistics arm of Alibaba.
Saudi Arabia has extended a $5 billion financial facility for Pakistan until December 2028, easing the country's external financing pressure as Islamabad continues economic reforms under an International Monetary Fund (IMF) programme.
President Ilham Aliyev arrived in the Kyrgyz Republic on Wednesday for a state visit focused on expanding economic cooperation, transport connectivity and political coordination between the two Turkic nations.
Uzbekistan and Kyrgyzstan have elevated their bilateral relationship to the level of an alliance after Presidents Shavkat Mirziyoyev and Sadyr Japarov signed a Treaty on Allied Relations during high-level talks in the Kyrgyz resort city of Cholpon-Ata.
Kazakhstan’s main oil export corridor has been disrupted again after drone strikes near Russia’s Black Sea coast forced a temporary suspension of crude loadings, raising fresh concerns over the vulnerability of regional energy infrastructure to the war in Ukraine.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment