In connection with the aggravating situation around Iran, Armenia is not initiating any additional measure to strengthen Russia’s regional presence, Armenia’s PM Tigran Sargsyan stated in an interview with the Nezavisimaya Gazeta daily of Russia. 

“I believe the CSTO [Collective Security Treaty Organization] is working very effectively, and it considers all the political realities,” the PM said.  

Tigran Sargsyan recalled that today around twenty percent of Armenia’s trade circulation is carried out via Iran. 

“This means, in case of a conflict, problems would arise in supplies and in export via the Islamic Republic. We have a [natural] gas pipeline, high voltage cables. We have visits by Iranian tourists, investments, an Iranian Bank.