Railway Dispute Escalates: Prime Minister Nikol Pashinyan says Armenia may seek up to $2bn a year in compensation from Russia over the South Caucasus Railway concession, adding that Yerevan is ready for international arbitration—while Russian lawmakers urge him to focus on exports instead. Investment Clash: A dual Belarusian-Russian investor (Nikol Vinitsky) has formally notified Armenia of an arbitration claim tied to expropriation allegations involving Tsarukyan-linked enterprises, potentially setting a precedent under EAEU investment rules. EAEU Pressure Point: Pashinyan again called the Eurasian Economic Union “de facto paralyzed,” warning unresolved trade issues could mark the “beginning of the end,” as Russia tightens import rules on Armenian goods. Trade Retaliation: Armenia imposed a six-month ban on tomato paste imports, including from EAEU countries, while also extending export compensation for greenhouse products (adding Palermo peppers and eggplants). Poverty & Growth Outlook: The World Bank forecasts poverty continuing to fall to 43% by 2028, but with slower growth in 2026 and inflation risks. Banking & Business Moves: Evocabank and Green Rock launched a new head office project in Yerevan; Economy Minister Papoyan appointed David Gevorgyan to manage Araratcement after the state took administration of the Tsarukyan-owned firm. EU Access Signals: The European Commission declined to say whether Armenia could be asked to introduce visas for Russians, as accession talks and EU cooperation deepen. Regional Humanitarian Flow: India says 2,557 nationals were evacuated from Iran via Armenia/Azerbaijan amid West Asia conflict.