Russia welcomes Turkey's initiative on formation of a Caucasus Stability and Cooperation Platform as well as all other moves meant for regional stability and security, Russia's Foreign Minister said.

"Advancing the idea, Turkey did not have exact plans but just offered the countries in the region to make common cause," Sergei Lavrov said during a joint news conference with his Armenian counterpart Edward Nalbadnian in Yerevan.

For his part, the Armenian Minister said official Yerevan welcomes efforts for ensuring regional security. "Consultations are in the initial stage and Armenia is ready to continue them," Edward Nalbandian said.