Tehran, April 2, IRNA – Armenian President Serzh Sargsyan said the lifting of sanctions on Iran opens new opportunities for the businessmen of Armenia.

According to Armenia's NEWS.am, Sargsyan, who is on a working visit to the US, stated the aforesaid during his lecture delivered at the John F. Kennedy School of Government at Harvard University.

'The reaching of an agreement over Iran’s nuclear program was a very positive development for Armenia,' he added.

“It is apparent that, to be interesting for the major foreign economic partners, Armenia’s small market (…) needs to be integrated into the formats of greater economic cooperation,” the President stressed.

“Being clearly aware of this fact, we [i.e. Armenia] became a member in the Eurasian Economic Union. [But] of course, this doesn’t prevent us from enlarging the agenda of our cooperation with the EU [i.e. the European Union], in a normal way.”

Sargsyan added that Armenia is endeavoring to advance its joint energy and transport projects with some of its neighboring countries.

“With such initiatives, Armenia is trying to reduce the losses of the decades of [ongoing] unlawful blockade imposed by its eastern [i.e. Azerbaijan] and western [i.e. Turkey] neighbors,” Sargsyan added.