Last week Armenian Prime Minister Tigran Sargsyan submitted a loan application to the Eurasian Economic Community’s anti-crisis fund to finance construction of an Armenia-Iran railway. (EAEC is an economic organization with six post-Soviet member-countries: Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. It develops a joint foreign economic policy, as well as tariff and pricing policy).

The perspective of building such a railroad with Iran is of exceptional significance to Armenia, because it would link Armenia with ports of the Indian Ocean.