Thursday, April 2 2026 10:41
Marianna Mkrtchyan

RA premier stated Russian business in Armenia not threatened, the  facts speak otherwise - RF vice-premier 

 RA premier stated Russian business in Armenia not threatened, the  facts speak otherwise - RF vice-premier 

ArmInfo. Discussions about the undesirability of Russian companies' presence in Armenia will raise questions about the operation of Armenian businesses in Russia.  Russian Deputy Prime Minister Alexei Overchuk stated this in an  interview with TASS. "The reality is that the Armenian railway, if it  survives, will remain a line serving the needs of its own economy,  whose real prospects are tied to the EAEU.

Our interest is in increasing trade with Armenia, as with all states  in the region, but if we are told that the presence of Russian  companies in Armenia is not in Armenia's interests, then, based on  the principle of reciprocity, it is fair to ask: if Russian companies  and entrepreneurs cannot operate and make money in Armenia, then why  can Armenian companies and entrepreneurs operate and make money in  Russia?" he noted.

Overchuk emphasized that foreign economic relations are a "two-way  street." "Without mutual trade, there is no freight movement, and the  capacity of the Armenian railway also depends on this. Armenian  businesses doing business in Russia should pay attention to this.  After all, we believe that the issue is being posed precisely in this  context, and this needs to be discussed openly," the Russian Deputy  Prime Minister noted. Armenian Prime Minister Nikol Pashinyan has  stated outright that Russian businesses in the republic are not under  threat, but the facts speak to the contrary.

"Last summer, we directly asked the Prime Minister of the Republic of  Armenia a question about the prospects for Russian investors in  Armenia. He answered our direct question bluntly: Russian businesses  in Armenia are not under threat. The facts, however, speak to the  contrary. We see that we are being told one thing, while in reality,  something completely different is happening. First, the property  rights of a Russian businessman with interests in electricity  procurement and retail were violated, and now a Russian state-owned  company has been offered a concession," he said.

As Overchuk noted, Moscow is aware that, in addition to Westerners,  there are those in Armenia itself who want to curtail relations with  Russia and remove Russian businesses from the republic.

"We see that Armenia adopted a declaratory law last year on its  desire to join the European Union, and efforts are being made to  adopt EU standards. We cannot ignore the numerous statements by this  country's leaders about their desire to join the European Union. The  confiscation of the property of a Russian businessman and the  proposed sale of a railway concession fit into this framework for  us," the Russian Deputy Prime Minister noted.

According to him, Armenian business representatives should soberly  assess the prospects for selling goods in the EU. "I am confident  that Armenian businesses are soberly assessing the prospects for  selling Armenian fruit and vegetable products, Armenian mineral  water, and Armenian alcohol in the European market. Workers in these  industries, as well as the transporters of these products, should  also consider this," he noted. "Of course, some will argue that  Armenia has a European perspective and only needs ties with the EAEU  until trade with the EU replaces trade with the EAEU.  However,  Europeans' interest in allowing Armenian goods to enter the European  market has already been expressed," Overchuk added.

At the same time, he emphasized that if Russia no longer has  interests in Armenia, there will be few reasons for cargo traffic  through its territory. "Obviously, tariffs will play a role, but if  Russia no longer has interests in Armenia, there will also be few  arguments in favor of moving our cargo in this direction," the  Russian Deputy Prime Minister said.

According to him, Armenia's ability to negotiate the direction of  cargo flow after the Meghri section is limited; the issue has already  been resolved differently. "The desire to route cargo through Armenia  is understandable, but it must be acknowledged that this issue has  already been resolved differently, and by signing the relevant  documents, Armenia agreed to this. This should have been agreed upon  on the shore, but now the room for negotiation is very limited,"  Overchuk noted.

"Western investors and neighbors may lose patience. If this deal is  ever finalized, Armenia will receive only 26% of the Meghri section  management company. 

Incidentally, our railway colleagues are already wondering whether  Russia will use the Turkish railway," he said.

According to him, Armenia has decided to cede 74% of its transit  revenues by agreeing to the "Trump Route," and that is its right.

"Cargo traveling along the 'Trump Route' will go directly to Turkey,  and Armenia will receive its 26% share. Their decision to cede 74% of  their transit revenues is their right, but if Armenia had remained in  the trilateral working group co-chaired by the deputy prime ministers  of Azerbaijan, Armenia, and Russia, construction of this road would  already be nearing completion, and it would remain the sole property  of the country through whose territory it passes," he noted.

"There are no, and should be no, illusions about how the main cargo  flow will proceed after Nakhichevan. The sections we were offered to  restore will primarily serve the needs of the Armenian economy,"  Overchuk added.