Prime Minister of Armenia Karen Karapetyan announced the reduction of tariffs for Moscow-Yerevan railway and ferry transportation, the PM said on Facebook.

He stated that previously the transportation of goods via Georgia and Russia was carried out at high prices which affected both the cargo transportation process and the pricing policy.

Presenting the steps taken, the PM said Armenia-Georgia-Russia trilateral talks were held aimed at reducing the tariffs for the cargo transportation at abovementioned routes.

The agreement reached with the Georgian side as a result of talks and the new reducing tariffs came into force from February 22, 2017, whereas the discounted tariffs provided by the Russian side from March 13.

Thus, the tariffs for Moscow-Yerevan railway and ferry transportation decreased by 32-35%, whereas at the opposite Yerevan-Moscow direction, the tariffs decreased by up to 52-54% depending on the cargo type.