U.S.-Armenia Deal Momentum: Secretary of State Marco Rubio and FM Ararat Mirzoyan initialed TRIPP implementation steps in Yerevan, with Pashinyan saying the TRIPP framework will be formally signed within a month and pointing to reopening the Meghri railway as a key logistics component. Energy Pressure from Moscow: Russia warned Armenia it could suspend or terminate discounted gas, oil products and rough diamond supplies if Yerevan keeps moving toward EU integration; Armenia’s side denied receiving some letters, while officials and analysts flagged investor uncertainty and potential knock-on effects for prices and trade. Railway Concession Overhaul: Pashinyan again called for changes to Armenia’s railway concession management logic, arguing sanctions risk is pushing international firms to avoid “unsafe” routes. Election Watch: With June 7 parliamentary elections ahead, observers are tracking rights and rule-of-law concerns amid reports of pre-election arrests and a polarized campaign environment. Finance & Development: The World Bank approved a €170.3m budget-support loan, while Ameriabank and the ADB signed a $100m package to expand MSME and green lending. Customs Modernization: Armenia opened a centralized monitoring center and launched the CertScan system at the State Revenue Committee, backed by a $3.5m U.S. EXBS grant to improve border security and reduce corruption risks.