Breaking News

Armenia cannot stand high cost of US sanctions on Iran: Armenian Speaker

Armenian parliament speaker Ararat Mirzoyan has decried sanctions imposed by the United States on Iran, saying Yerevan cannot stand the pressure of the US bans as cutting gas imports from neighboring Iran would seriously hurt the energy security and economy in the landlocked country in the Caucasus.

“Armenia cannot pay such a price,” said Mirzoyan during a recent visit to the US, adding, “We don’t want the United States to put pressure on Armenia for joining in its Iran sanctions agenda.”

The comments come as Armenia heavily depend on Iran for energy and trade as the southern neighbor has served as one of Armenia’s two conduits to the outside world since borders to Azerbaijan and Turkey were closed.

“I informed American partners that our economy is suffering losses due to the sanctions against Iran and that we cannot stop buying Iranian gas,” Mirzoyan wrote on his Facebook page on Tuesday following a speech in Washington.

Senior Armenian authorities visiting Tehran last week said that their government is seeking to expand a barter arrangement involving Iran’s gas and Armenia’s electricity.