Iran Armenia: no money, but you hold on

“An alternative transit route for Iranian trucks in Armenia will be asphalted next month, after which the need for a road through Azerbaijan, who requires payment of fees, will disappear,” Deputy Minister of Transport and the Urban Development of Iran Heirolla Hydade said to journalists.

Previously, as Tehran Times reports, the Hylder announced an agreement between Iran and Armenia, agreed to lay new transit routes between the two countries.

The publication notes that a length of 20 km on a 400-kilometer highway connecting Iran with Armenia, passes through the Azerbaijani territory (village of Evazli Gubadlinsky district), where Iranian drivers, in accordance with the laws of the Republic of Azerbaijan, should pay customs fees.

Note that the bypass road, which Iranians are going to be asphalt, too narrow for multi-torrent trucks. Iranian trucks trying on it, several times hit the accident. According to Iranian engineers, to promote trucks in a detour of Azerbaijani territory, Tehran and Yerevan will have to pave a new way.

As you know, Iran builds its transport communications mainly at the expense of foreign loans, including loans received from Azerbaijan.

Given the tough vices of economic sanctions, Iran can contact the Russian Federation with a request for additional loans. Although the last request of Tehran is to provide an intergovernmental loan for two billion dollars to implement projects for the construction of power plants, railways and the purchase of cars for the metro, Moscow responded with silence, which, in general, expected. The fact is that Russia has already led to Iran three billion dollars, and it is hardly risk to increase the amount of the already rather loans. Especially, if we consider that Tehran this year could not pay off the Russian debt in the amount of 500 million euros, which were allocated to the construction of the BUSHER NPP.

Iran explained the reason for non-payment of US sanctions, which cut off Tehran access to foreign exchange accounts in a number of foreign banks and, above all, in South Korea and Japan.