Armenia–Russia trade and rail tensions: Russian Economic Development Minister Maxim Reshetnikov pushed back on PM Nikol Pashinyan’s South Caucasus Railway remarks, stressing EAEU benefits and warning against arbitration risks. State takeover of major assets: Armenia’s Anti-Corruption Court ordered the Yerevan Ararat Brandy-Wine-Vodka Factory shares to be placed under state administration and custody as part of illicit asset forfeiture. Opposition-linked business probes: Multi Transport director Artur Dallakyan (linked to Gagik Tsarukyan) was placed under house arrest over alleged large-scale tax evasion, following earlier moves against Tsarukyan’s network. New export routes for producers: Armenia’s fish exports resumed to Georgia after Russian restrictions hit the sector; the Armenian Embassy in Tbilisi says agricultural exports are also expanding. E-commerce support amid Wildberries fallout: Armenia’s Economy Ministry met Wildberries representatives on compensation mechanisms for affected entrepreneurs as the platform expands logistics security and warehouse operations. Banking outlook: Moody’s affirmed Converse Bank ratings and shifted the outlook to positive, citing improving macro conditions and support capacity. Tech diplomacy: India’s outgoing ambassador told Armenia it has strong potential in high-tech and AI, urging deeper B2B ties and participation in industry forums.