EU presence contributed to safer and more secure environment for  Yeraskh metallurgical works

ArmInfo.The metallurgical works construction project will be transferred from Yeraskh, near the  Armenian-Azerbaijani border. 

  "EUMA has been regularly patrolling in the Yeraskh area, including  the steel plant, to observe any security & military developments. By  our EU presence, we have contributed to safer and more secure  environment," EUMA mission wrote on X. 

And in July, the Azerbaijani government officially appealed to  Armenia with a demand to stop the construction of a large  metallurgical plant in Yeraskh, Ararat region of the Republic of  Armenia. A letter from the Minister of Ecology and Natural Resources  of Azerbaijan to the Minister of Environment of Armenia stated that  the operation of metallurgical plants is recognized as an activity  "that may cause a significant negative transboundary impact." It also  turned out that Armenia was also obliged to inform Azerbaijan about  the construction of this plant in advance.

Meanwhile, earlier on his Facebook page, RA Minister of Economy Vahan  Kerobyan reported that the plant, the total production volume of  which will reach 180 thousand tons annually. (production of ferrous  metals, fittings, steel angles and pipes), will be built in Yeraskh  on an area of 16,500 sq.m., and with the launch of the production  process, 1000 jobs will be created at the plant. The total cost of  the project was estimated at $70 million. According to the Ministry  of Economy, metallurgical production will be launched by the  Armenian-American enterprise GTB STEEL LLC (the owners of the  enterprise are US citizen Bobby Kang and Armenian citizen Nono  Sargsyan), which was created in Armenia last year. It was noted that  the enterprise has already passed all EIA (environmental impact  assessment) procedures and will be equipped with modern production  facilities