Economy Minister Vahan Kerobian has acknowledged that the Armenian government’s $1.2 million project to revive a Black Sea ferry service as an alternative trade route between Russia and Armenia has been a failure.
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According to recent reports, Armenia-based entities are using the sea route Batumi-Novorossiysk to re-export sanctioned goods to Russia. Through the Armenian Shipping Company, 600 containers with a total weight of 6 tons are transported to Russia weekly via Georgian ports, writes Nicholas Chkhaidze. This sophisticated Russo-Armenian scheme involves a variety of goods, such as clothing, […]