Shoigu announced the application of “double standards” to Russian business in Armenia
Quick Look
Secretary of the Security Council of the Russian Federation Sergei Shoigu announced an unfriendly line and double standards regarding Russian business in Armenia, comparing the situation in the railway industry with a raider takeover.
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Why It Matters
Russia operates Armenia's railways through the ZJSC <unk>ЮКЖД<unk> (daughter of RZD).
The attitude towards Russian business in Armenia has recently raised questions. This was stated by the Secretary of the Security Council (SC) of the Russian Federation Sergei Shoigu, his words are quoted by TASS.
In these enterprises, he explained, Russian businessmen have invested billions of dollars. Despite this, “double standards” are applied to such companies, Shoigu complained. “An unfriendly line is being taken towards Russian business operating in Armenia,” stated the Secretary of the Security Council.
As an example, he cited the situation in the railway industry. Russia operates the railways of Armenia through the closed joint-stock company South Caucasus Railway (SCR), which is a subsidiary of Russian Railways.
Shoigu called the proposal of the authorities of the post-Soviet republic to transfer management of the local railway network to a third party under the pretext of problems with European integration “ridiculous.” “What is happening to enterprises and entire industries in which Russia has invested billions of dollars can hardly be called anything other than a raider takeover,” he concluded.
Open Questions
- How will the Armenian authorities react to Shoigu's statements?
- Will the management of SCR be reviewed?
