"From the economic viewpoint the Kars-Akhalkalaki-Tbilisi-Baku cannot cause harm to Armenia, as we already incur losses due to the blocked Armenian-Turkish border," RA Foreign Minister Vartan Oskanian told a news conference in Yerevan. In his words, the project creates unfavorable political atmosphere in the region and this fact is much more regrettable. "Armenia's position is unchangeable. We are against this project," Oskanian said.

"As to Kazakhstan's participation in the project, this state did not display much optimism about the project last year. However, the attitude might have changed. I'm not aware," the Minister said. The project initiators may have financial problems if they want Kazakhstan to join them, he added.