Armenia suffered $680 million loss in result of war in Georgia

According to Secretary of National Security Council of Armenia Arthur Bagdasarian, during the days of war in South Ossetia Armenia suffered serious economic loss because of suspension of goods transportation, both for import and export.

He said that diversification of energy sources and transportation routes is a vital issue for Armenia. For that reason the construction of the Armenia-Iran railway becomes more important. The official expressed his satisfaction with the position of Iran: during the blockade in Georgia many goods of vital importance were imported to Armenia from Iran’s territory.

Bagdasarian informed that at present a project of Armenia-Iran-Russia railway is being considered. The budget of Iran-Armenia railway project, where Russia also holds its interest, makes 1-1.5 billion dollars.

[Source: AZG Armenian Daily, Armenian, 20Sep08]

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The Question of South Ossetia
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