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.
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Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology.
Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
Serbia's President Aleksandar Vučić resigned on Sunday, ending his second and final five-year term and paving the way for an early presidential election as the country prepares for a snap parliamentary vote on 25 October.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
Russian state nuclear corporation Rosatom has proposed building a new 1,000-megawatt nuclear power unit in Armenia as Yerevan weighs competing international offers, its head Alexey Likhachev said on Tuesday.
Freight on the Baku–Tbilisi–Kars railway could soon move faster across borders after Georgia, Azerbaijan and Türkiye signed a new customs protocol aimed at cutting delays and streamlining transit.
Afghanistan and Belarus have agreed to expand health cooperation, with a focus on medicines, medical equipment and training healthcare workers, following talks between the two countries’ health ministers in Minsk on Tuesday (29 September).
Saudi Arabia is facing a widening security challenge from Yemen as Houthi forces consolidate recent territorial gains along the Red Sea coast and step up attacks on the kingdom.
Afghanistan’s Ministry of Defence says its forces killed 28 fighters and captured 32 others in Nuristan after armed groups, including alleged Islamic State members, crossed the border from Pakistan on Saturday.
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