High demand for new housing in Armenia: what’s driving it and what to expect

Hambik Zargarian
JAM News
April 9 2026
  • Gayane Asryan
  • Yerevan

Construction of new housing is in full swing in Armenia, mainly in Yerevan and nearby settlements. Real estate agents explain this trend by strong demand from both local residents and foreign buyers. They also stress that many people have recently started to prefer newly built apartments. On the secondary market, residents often face problems such as outdated lifts or worn-out sewage systems.

However, property agents say new developments would not attract such high demand without a law that allows buyers to reclaim income tax on mortgage loans. The scheme applies only to the purchase of newly built housing. The state refunds income tax from a buyer’s salary. Buyers can then use this money to cover mortgage interest payments.

The law came into force in 2014. Authorities stopped applying it in Yerevan in 2025. However, developers who received construction permits before 2022 can still sell apartments under the income tax refund scheme.

Buyers can use this option only once. People with stable incomes and higher salaries tend to choose this way of purchasing housing.

Of course, the income tax refund places a significant financial burden on the state. However, the adoption of this law has driven an unprecedented construction boom in Yerevan and surrounding areas over the past five years. Construction has become the main driver of economic growth.

An analysis of listings on new housing websites shows that more than half of ready-to-move-in apartments have already sold. The figures vary by location, but they generally range between 40% and 70%.

People with more modest incomes tend to buy housing on the secondary market. Prices in this segment are significantly lower.

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Statistical data

According to the Cadastre Committee, more than 74,458 real estate transactions were registered in Yerevan in 2025. These included apartment buildings, private houses, land plots and commercial properties. This marks an 8% increase compared to 2024, when 68,914 transactions were recorded.

Around 21,000 transactions involved purchases of apartments in multi-unit residential buildings. Of these, 15,000, or 72%, took place in Yerevan.

After the capital, the highest number of new-build housing sales was recorded in the city of Abovyan, with 3,131 transactions.

More than half of all housing sale and purchase transactions in Yerevan involved apartments in new buildings. 89% of buyers purchased their apartments directly from developers.

What attracts buyers to new-build housing

Ashkhen Avalyan bought a new 50-square-metre apartment in Yerevan, taking advantage of the income tax refund scheme.

One square metre in the building cost 520,000 drams (about $1,390). She paid a 10% down payment.

“I carefully studied offers on the secondary market and chose this option. First, I would have had to pay a 30% down payment on the secondary market. In addition, homes priced under $80,000 required renovation and furnishing. This significantly increased the overall cost,” Ashkhen explains.

Buyers in new developments usually have to wait a long time before moving in. Most purchase apartments at an early stage of construction, while some buy slightly later. Construction often takes longer than planned, and people may only move in after one to three years. Many use this time to save money for renovation and furnishing.

“In the case of the income tax refund, payments remain relatively low in the first years. Later, interest decreases, but the principal payment increases. To be honest, when I bought a new-build apartment, I also expected to sell it later at a good price. The secondary market raises doubts in this respect. The old housing stock is problematic — lifts are outdated, and sewage systems are worn out. It will be difficult to sell such an apartment at a reasonable price,” Ashkhen says.

Both new and old housing remain in demand

Andranik Grigoryan is a real estate agent. He now offers clients new developments outside Yerevan as well. However, he says the Yerevan market still dominates:

“People are willing to pay 30–40% more to buy an apartment in the capital. Regional offers appeal more to local residents. Some new developments in Yerevan still qualify for the income tax refund. However, to be honest, they are not for those with low or middle incomes. A square metre in such apartments usually costs more than $3,000.”

According to Andranik, most buyers in this segment do not use the income tax refund:

“They often buy property in cash, without a mortgage. Our compatriots living abroad mainly purchase housing in this segment. They see it as an investment or a way to ensure financial stability. Conversations with them show that many plan to spend their old age here or live here for a few months each year.”

The agent believes Armenia offers the safest environment for the Armenian diaspora:

“Moreover, some compatriots living abroad are ready to move here to avoid problems they face in other countries. People often ask me who will buy so many apartments in new developments if domestic purchasing power remains low. The answer is diaspora Armenians. Some buy several apartments at once. Prices will not change sharply in the coming years, because the inflow of people from abroad continues. In addition, some buyers will purchase apartments to rent them out and secure stable income.”

Speaking about high prices in new developments, he points out that the secondary market still offers affordable options for buyers with limited means. This allows the secondary market to maintain stable sales, even without state support such as the income tax refund.

“Buyers in the primary and secondary markets are different. Those with savings prefer the secondary market, because they either want to move in immediately or rent the property out. In the case of new developments, moving in takes from one to three years,” Andranik Grigoryan explains.

In any case, Armenia is recording a construction boom. Last year, developers put 2,270,000 square metres of housing into operation. For comparison, the figure stood at 1,251,000 square metres in 2024

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Turkish Press: Armenian premier says he agreed with Putin on high-level June m

Antranik Varosian
Anadolu Agency, Turkey
April 9 2026

Armenian premier says he agreed with Putin on high-level June meeting

Pashinyan says relations with Russia are in ‘constructive transformation’ as Yerevan tries to balance ties with Moscow and the EU
Burc Eruygur
09 April 2026•Update: 09 April 2026
ISTANBUL

Armenian Prime Minister Nikol Pashinyan said on Thursday that he agreed with Russian President Vladimir Putin to hold a high-level meeting in the second half of June.

In remarks published by Armenian state news agency Armenpress, Pashinyan spoke about his recent visit to Moscow earlier this month, calling the trip “very successful.”

“Regarding the face-to-face meeting, we have already agreed on our upcoming meetings and events. We have agreed on a high-level meeting for the second half of June,” Pashinyan was quoted as saying.

Arguing that ties between Armenia and Russia are currently in a phase of “constructive transformation,” Pashinyan said he viewed this process positively and that Yerevan would continue to uphold its principles consistently.

“We will not deviate from the logic of friendly dialogue and will continue along this path,” Pashinyan added.

He also said Armenia will continue to align its policies toward the Eurasian Economic Union (EAEU) and the European Union (EU) as long as opportunities exist, adding: “When the moment of incompatibility comes, we will make decisions together with the people.”

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Cyprus Parliament honors Armenian Genocide victims during plenary session

Dabaghian Diana
Public Radio of Armenia
April 9 2026

Armenia’s Ambassador to Cyprus, Inna Torgomyan, attended a plenary session of the House of Representatives of Cyprus, which commenced with a solemn tribute to the victims of the Armenian Genocide of 1915 in the Ottoman Empire, the Armenian Embassy in Cyprus informs.

The session opened with a special address by the President of the House of Representatives, Annita Demetriou, followed by a one-minute silence observed in memory of the victims.

A key speech during the session was delivered by Vartkes Mahdessian, the Representative of the Armenian community in the Cypriot parliament.

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Zakharova Defends Russia’s Role in Nagorno-Karabakh Settlement, Emphasizes Re

Tambiyan Samvel
Caucasus Watch, Germany
April 9 2026
9 Apr 2026 | News, Politics, Armenia, Azerbaijan

On April 8, Maria Zakharova, the Russian Foreign Ministry Spokesperson, commented on a statement by Azerbaijan’s Foreign Ministry calling on Russia to refrain from mentioning the former separatist Nagorno-Karabakh region, describing such a position as contradictory. She noted that such remarks come despite Baku regularly expressing views on territories referred to by Moscow as new Russian entities, while continuing to regard them as part of Ukraine. Zakharova emphasized that Russia, including Vladimir Putin, the President of Russia, played a key role in resolving the conflict over the former separatist Nagorno-Karabakh region, stressing that Moscow’s efforts in this direction date back to the 1990s.

According to her, it was due to these efforts that active hostilities were halted in the fall of 2020, while Russian peacekeepers ensured the ceasefire for nearly four years. She added that Russia’s involvement became a crucial factor in launching the current phase of normalization between Armenia and Azerbaijan, based on trilateral agreements reached between 2020 and 2022.

Zakharova also referred to the outcomes of the European Union-mediated summit held in Prague on October 6, 2022, where Armenia and Azerbaijan recognized each other’s territorial integrity in line with the UN Charter and the 1991 Almaty Declaration. She noted that in recent years, Baku and Yerevan have increasingly opted for direct dialogue without intermediaries, adding that Moscow has responded with understanding and has consistently supported constructive steps toward sustainable peace.

She further emphasized the importance of the initialing of the agreement on peace and interstate relations between Azerbaijan and Armenia in August 2025, as well as the decision by the OSCE to dissolve the Minsk Group institutions effective December 1, 2025, which, she noted, formalized the completion of the settlement process.

At the same time, Zakharova underlined that substantial work remains, including the signing of a comprehensive peace treaty, the restoration of transport and economic links, border delimitation and demarcation, and confidence-building between the two nations. She stated that Russia will continue to support these efforts at the request of both Baku and Yerevan. “The current stage of the settlement requires consolidating the achieved results,” she emphasized, expressing hope that normalization will become irreversible.

Zakharova also commented on statements by Alen Simonyan, the Speaker of the Armenian Parliament, regarding a possible response by Yerevan to changes in Russian gas prices. Reacting critically, she dismissed the remarks as emotional and inconsistent. “It’s a bit reminiscent of the story of threatening a hedgehog by revealing one’s capabilities,” she stated, adding that she did not consider such statements worthy of serious comment.

She recalled previous contradictory remarks about Armenia’s potential withdrawal from the CSTO and stressed that such issues should primarily be assessed within Armenia. “I think that Armenian citizens should be the first to comment on this,” Zakharova stated, noting that these politicians shape the country’s domestic and foreign policy.

Addressing energy cooperation, Zakharova referred to the April 1 meeting in Moscow between Vladimir Putin, the President of Russia, and Nikol Pashinyan, the Prime Minister of Armenia, where gas supply terms were discussed. She noted that Armenia currently receives Russian gas at $177.50, compared to prices reaching $600 in Europe. “This example isn’t an emotional one, it’s a fact,” she emphasized.

She highlighted the importance of energy security, particularly amid volatility in global gas markets linked to escalating tensions in the Middle East, including US and Israeli actions against Iran. According to her, governments must focus on avoiding the risks posed by such instability.

Zakharova also addressed Armenia’s membership in the Eurasian Economic Union, recalling that the country joined the bloc in 2015. She cited data indicating that Armenia’s GDP has nearly tripled over the past decade, rising from $10.5 billion to $29.2 billion, describing this as a foundation of the country’s economic development.

Touching upon the CSTO, she described the organization as a key mechanism for ensuring the security of its members, including Armenia, while noting that Yerevan’s participation is currently effectively frozen as a result of decisions taken by its authorities.

In a separate comment, Zakharova addressed the potential impact of upcoming parliamentary elections in Armenia on relations with Russia and cooperation within the CSTO. She referred to discussions held during the April 1 meeting between Putin and Pashinyan and reiterated Moscow’s principle of non-interference in the internal affairs of other states. “We do not interfere in the domestic political affairs of other states,” she stated.

At the same time, she emphasized the historically close ties between Russia and Armenia, including cultural and societal links, as well as the presence of a large Armenian diaspora in Russia. “This is not a business project, but part of the historical essence,” Zakharova stated.

She added that while Russia does not interfere, it remains interested in ensuring that Armenian citizens can freely express their will in elections. She stressed the importance of democratic standards and equal participation, while noting that recent amendments to Armenia’s Electoral Code, adopted rapidly, raise certain concerns.

“The main thing is that this is not used to deliberately limit the opposition’s electoral opportunities,” Zakharova emphasized, recalling earlier statements by Nikol Pashinyan affirming Armenia’s commitment to democratic principles.

Concluding her remarks, Zakharova reiterated that Armenia remains a full member of the CSTO from a legal standpoint, despite ongoing speculation. “We are, of course, interested in the Armenian side returning to full participation in our shared security structure,” she stated.

https://caucasuswatch.de/en/news/zakharova-defends-russias-role-in-nagorno-karabakh-settlement-emphasizes-relations-with-armenia-and-azerbaijan.html

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Kocharyan Calls for “Balanced” Armenia-Russia Policy and “Pragmatic” Foreign A

Hambardsumian Paul
Caucasus Watch, Germany
April 9 2026
9 Apr 2026 | News, Politics, Armenia

On April 8, Robert Kocharyan, the second president of Armenia and leader of the “Armenia” bloc, said Russia expects a rational and non-hostile policy from Armenia, emphasizing the need for predictable relations based on mutual respect and shared interests.

Speaking on the “Big Politics” podcast, Kocharyan argued that Russia is ready to reciprocate constructive engagement and recalled that during his presidency, there was no pressure from Moscow, with Armenia benefiting from low gas prices and strong economic ties. He criticized current Armenian authorities for signaling a potential exit from the Eurasian Economic Union, describing such rhetoric as disrespectful and warning that treating the bloc as a “reserve option” while pursuing Europe could damage relations.

Kocharyan stressed that leaving the EAEU would have severe consequences for Armenia, arguing that Russia would barely notice such a move, while Armenia could face economic collapse due to its heavy trade dependence. He noted that a significant portion of Armenia’s trade, remittances, and labor migration is tied to Russia, making a shift away economically risky.

He also highlighted infrastructure issues, suggesting that reopening a railway through Abkhazia could significantly boost Armenia’s economy by providing shorter and more reliable transport routes to Russia and Georgia. In contrast, he warned that routes through Azerbaijan could become political leverage in the future.

Turning to politics, Kocharyan accused Prime Minister Nikol Pashinyan of attempting to shift blame for the outcome of the Nagorno-Karabakh conflict onto Vladimir Putin. He argued that no major power, including France and the United States, ever denied Azerbaijan’s territorial integrity, while also supporting the principle of self-determination.

Kocharyan maintained that Russia played a decisive role in halting the war in 2020 and deploying peacekeepers, rejecting claims that Moscow abandoned Armenia. He further claimed that Pashinyan undermined the post-war framework by recognizing Nagorno-Karabakh as part of Azerbaijan, effectively transforming the issue into an internal matter for Baku.

Commenting on recent Armenia-Russia tensions, Kocharyan said a meeting between Putin and Pashinyan signaled that Moscow’s patience “is not infinite,” warning that continued geopolitical maneuvering could lead to consequences. He criticized what he described as inconsistent foreign policy, arguing that Armenia cannot afford to antagonize a major power while being economically dependent on it.

On foreign policy orientation, Kocharyan cautioned against positioning Armenia between Russia and Europe, noting that the European Union views Russia as an adversary. He suggested Armenia should maintain economic ties with Russia while benefiting from engagement with Europe, rather than choosing between them.

He also warned that Armenian exports to Europe remain minimal, while Russia continues to be the primary market, especially for agriculture and alcoholic beverages. In contrast, he argued that markets in Turkey and Azerbaijan would be highly competitive and potentially damaging for Armenian producers.

Finally, Kocharyan addressed domestic politics, arguing that anti-Russian rhetoric by Armenian authorities risks harming public sentiment toward Armenians in Russia, where a large diaspora contributes significantly through remittances. He concluded that Armenia’s current course risks both political isolation and economic instability, urging a more balanced and pragmatic foreign policy approach.


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Armenia Changes Electoral Code to Curb Vote Buyingg

Emil Lazarian
Caucasus Watch, Germany
April 9 2026
9 Apr 2026 | News, Politics, Armenia

Armenia’s National Assembly has adopted amendments to the Electoral Code in a second and final reading, introducing a ban on the use of personal names in the titles of electoral blocs and parties.

The changes passed in a final reading with 67 votes in favor and 6 against.

Under the new rules, bloc names may no longer include individuals’ names or references to state and local government bodies. The measure is expected to affect initiatives linked to prominent figures, including businessman Samvel Karapetyan and his “Strong Armenia” bloc.

Lawmakers also reinstated stricter ballot secrecy provisions. Ballots will now again be invalidated if envelopes contain any items other than the official ballot — a rule removed in 2024 and now restored.

Authorities argue the change is necessary to prevent vote-buying schemes, where voters could be asked to include identifying markers in envelopes to prove compliance.

The amendments are intended to close procedural loopholes and reinforce electoral integrity ahead of upcoming elections.


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Lukashenko Urges Caution on Armenia as Yerevan Leaves CSTO Future Open

Chalian Meline
Caucasus Watch, Germany
April 9 2026
9 Apr 2026 | News, Politics, Armenia

Belarusian leader Alexander Lukashenko has urged a “careful and accurate” approach toward Armenia within the CSTO, as Yerevan continues to freeze its participation in the alliance.

Speaking to CSTO Secretary General Taalatbek Masadykov, Lukashenko noted that Armenia “seems not to support work within the CSTO, yet at the same time remains in the organization.”

He warned that the bloc should take into account Armenia’s domestic political situation. “The situation in Armenia is difficult… particularly during the election period,” he said.

Armenia suspended its participation in the CSTO in February 2024, citing dissatisfaction with the organization’s response to its security concerns.

At the same time, Armenian lawmaker Andranik Kocharyan indicated that full withdrawal remains possible. “Never say never. The world is very turbulent,” he said.

He also criticized the CSTO’s lack of concrete support. “They didn’t act, right? Our problem arose from the situation at Armenia’s borders, and we asked the CSTO for support two or three times. That support, aside from verbal statements, did not produce any results for us,” he added.

Kocharyan stressed that any future decision will be based solely on Armenia’s national interests.


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Armenia Records Strong Tourism Growth in Early 2026

Emma Jilavian
Caucasus Watch, Germany
April 9 2026
9 Apr 2026 | News, Economy, Armenia

Armenia recorded a sharp rise in tourism in the first quarter of the year, with 453,138 visitors — up 18.2% year-on-year, Economy Minister Gevorg Papoyan said.

The increase marks the highest first-quarter figure on record.

“This is 18.2% higher – or more than 70,000 additional tourists – compared to the same period last year,” Papoyan said.

The surge comes alongside steady growth in air travel. Passenger traffic at Zvartnots and Shirak airports exceeded 5.3 million between January and November 2025.

Zvartnots accounted for over 5.18 million passengers, while Shirak handled just over 127,000.

Overall traffic rose by 7.3% compared to the same period in 2024, reflecting continued recovery and expansion in Armenia’s travel sector.


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Zakharova: Moscow will respond to Baku’s demand not to mention Karabakh

Babken Chilingarian
Eurasia Daily
April 9 2026
Zakharova: Moscow will respond to Baku’s demand not to mention Karabakh

Russia will provide Azerbaijan with a response through diplomatic channels to the statement of the republic’s Foreign Ministry regarding the requirement not to mention the Karabakh issue, Russian Foreign Ministry spokeswoman Maria Zakharova said.

She recalled that Russia, and especially Russian President Vladimir Putin, played a crucial role in resolving the conflict in Karabakh.

“We have consistently sought to create the necessary conditions for resolving this most sensitive and complex issue in relations between Baku and Yerevan… It was thanks to our efforts that we managed to achieve an end to the bloodshed in the fall of 2020,” Zakharova said.

She also recalled that thanks to Moscow’s efforts, it was possible to launch the process of normalization of relations between Armenia and Azerbaijan.

However, Zakharova noted that there is still a lot to be done for a final settlement — to sign a peace treaty, resume transport and economic ties, delineate and demarcate borders, and strengthen trust between citizens of the two countries.

Earlier, the Azerbaijani Foreign Ministry called on Russia “not to use the Karabakh conflict in political discussions.”

https://eadaily.com/en/news/2026/04/09/zakharova-moscow-will-respond-to-bakus-demand-not-to-mention-karabakh

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Russia to Armenia: Do as We Say

Antonian Lara
April 9 2026
Armenia has few options despite its rapprochement with Azerbaijan and Turkey and ties to the EU. None provides Yerevan with viable security.
a:hover]:text-red” st1yle=”box-sizing:border-box;border-width:0px;border-style:solid;border-color:currentcolor;font-size:1.125rem;line-height:2rem”>By Emil Avdaliani
April 9, 2026

When on April 1, Armenia’s Prime Minister Nikol Pashinyan met Vladimir Putin in the Russian capital, the Armenian leader’s agenda was clear — to bolster his difficult position before the June parliamentary elections.

It did not go smoothly.

The Russian side used the opportunity to present an ultimatum to Yerevan and to broadcast the videoed exchange — choose us, Putin told Pashinyan, or choose the European Union (EU). You cannot choose both.

The Russian logic is clear — one cannot be a member state in mutually exclusive supranational economic entities such as the EU and the Russian-dominated Eurasian Economic Union (EAEU).

Russia is “absolutely calm” about Armenia’s efforts to forge closer ties with the EU, Putin said. While Pashinyan agreed that his country could not straddle both blocs indefinitely, he would have understood the menacing underlying message. Russia does not like the countries of what it terms the near-abroad to look wistfully westward. That was one key reason why the Kremlin invaded Ukraine, after all.

The discussion moved on to other sensitive issues, including another Russian-run grouping, the Collective Security Treaty Organization (CSTO), a six-member alliance that’s a low-fat version of NATO.

Armenia has not forgotten or forgiven Russia’s dismissal of its appeals for help during and after the second Nagorno-Karabakh war of 2020 with non-CSTO member Azerbaijan. The Russian president said action had been impossible given that the region belonged to Azerbaijan, and that Armenia’s internationally recognized territory remained largely intact.

The 20-minute filmed exchange then moved on to far more abstract topics such as democracy and internet freedom in Armenia. The Russian president seemed uninterested and slightly irritated to hear Pashinyan’s digression, including comments on freedom that would be construed as critical of Russian authoritarianism.

Neither side can regard the exchanges as very helpful. Indeed, it seemed the meeting highlighted mutual distrust between the two long-time allies. Tensions have grown in intensity over the past year or so, when preparations for the June 7 parliamentary elections began. Pro-government Armenian politicians have consistently hinted that Russia has been working behind the scenes to deepen and exploit relations between the administration and the Armenian church.

Relatedly, Russia wants its ally, Russian-Armenian billionaire Samvel Karapetyan, to run as a potential candidate with the Strong Armenia party. The country’s leadership countered by launching an investigation against Karapetyan, placing him under house arrest. On that matter, Pashinyan told the Russian leader that “only citizens holding an Armenian passport — and no other nationality — can run in these elections”. Karapetyan says he has been stripped of his Russian nationality.

Russia sees an opportunity in Armenia. The upcoming elections present a perfect opportunity to solve what it sees as the Pashinyan problem. The 50-year-old former journalist came to power in 2018 via a peaceful revolution that was not explicitly anti-Russian but which looked to the Kremlin awfully like the so-called color revolutions that swept many sympathetic regimes in neighboring states.

Pashinyan suffers low popularity, and the Kremlin now hopes to advance its allies, which mostly feature politicians from the pre-2018 period.

Armenia has few options to counter Russian pressure. But it does have the option of withdrawal from CSTO and the EAEU, and made some signals indicating that after the Moscow meeting.

Yet the room for maneuver is tight, and Putin has already acted on his threat. Soon after the summit, Moscow announced tighter requirements for Armenian imports. The agricultural watchdog, Rosselkhoznadzor, argued that a large part of Armenian exports might not meet EAEU sanitary requirements. Russia can also use other tested weapons in its well-used coercive armory — for example, it sells gas to Armenia at a much lower price than EU levels.

Armenia’s options are limited. It’s true that the country has lately improved its ties with Turkey and Azerbaijan. Talks on reopening the long-closed border with Turkey, as well as transit through Azerbaijan underway, with some tangible results already in place. Moreover, Azeri rhetoric toward Armenia has markedly softened, and there seems to be a genuine hope for a long-term peace to be enshrined in a peace document. Both sides are also cooperating on the Trump Route planned to pass through Armenia’s southernmost region of Syunik.

Yet, this does not guarantee Armenia’s long-term security. With Iran in flames and with Azerbaijan and Turkey becoming ever closer militarily, the regional balance of power does not favor the Armenian state. Russia remains a critical component in Yerevan’s security calculus.

Then there is the EU, which has, over the two years, expanded its engagement with Yerevan but still has little to offer in terms of concrete steps that would open the door to Armenian membership. Any such prospect seems far off in the future, despite consistent French support for the country.

The Pashinyan-Putin exchanges illustrated Russia’s keen understanding of Armenia’s dilemmas and difficulties. And that its efforts to walk a narrow line between competing blocs, of playing one side against the other, has its limits.

Yerevan is increasingly facing a Russia that is more demanding, willing to issue ultimatums and to employ its well-thumbed encyclopedia of coercion to raise pressure in the run-up to the parliamentary vote. Yerevan has few options to resist.

Emil Avdaliani is a research fellow at the Turan Research Center and a professor of international relations at the European University in Tbilisi, Georgia. His research focuses on the history of silk roads and the interests of great powers in the Middle East and the Caucasus.

Europe’s Edge is CEPA’s online journal covering critical topics on the foreign policy docket across Europe and North America. All opinions expressed on Europe’s Edge are those of the author alone and may not represent those of the institutions they represent or the Center for European Policy Analysis. CEPA maintains a strict intellectual independence policy across all its projects and publications.

https://cepa.org/article/russia-to-armenia-do-as-we-say/

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