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Armenia Suffered $680 Million Loss In Result Of War In Georgia

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  • Armenia Suffered $680 Million Loss In Result Of War In Georgia

    ARMENIA SUFFERED $680 MILLION LOSS IN RESULT OF WAR IN GEORGIA

    AZG Armenian Daily
    20/09/2008

    Regional

    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.
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