Russia and Armenia have found agreement on the formula of price for Russian gas deliveries, which is going to be $189 per 1000 cub.m., Russian President Vladimir Putin said at a press conference in Armenian capital Yerevan yesterday.
He said Russia unilaterally cancels the export duty of energy resources for Armenia. Putin added that the Russian budget will receive less money, but Armenian economy will benefit from this decision.
On Monday Russia and Armenia signed several intergovernmental agreements, in particular the one on cancellation of export duties of gas and oil products for Armenian. Armenian Premier Tigran Sarkisian earlier explained that the price of Russian gas for Armenia of $270 is formed of the price of $189 per 1000 cub.m. and 30% customs duty.
Gasprom Export and ArmRosgasprom have also signed the contract. Gasprom reported that according to the contract, from 2014 to 2018 Russian gas holding will deliver up to 2.5 billion cub.m. of gas a year to Armenia. In 2012 Gasprom delivered 1.7 billion cub.m. of gas to Armenia.—0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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