MOSCOW, July 31. /TASS/. The Armenian government is prepared to take the issue of operating the country’s railways, which are managed under a concession by South Caucasus Railway, a subsidiary of Russian Railways, to arbitration if it cannot be resolved in an amicable manner, Armenian Prime Minister Nikol Pashinyan said. He also suggested that Yerevan could seek $2 bln per year.
Russian Economic Development Minister Maxim Reshetnikov described Armenia’s demands for additional payments as groundless.
Russian Railways intends to continue operating under the terms of its railway concession agreement with Armenia. However, if the agreement is amended or terminated at Yerevan’s initiative, the company is entitled to expect reimbursement of its investments, Russian Railways CEO Oleg Belozerov told TASS.
TASS has compiled the key facts about the situation.
Pashinyan’s statements
