Armenia is closely following the processes related to sanctions against Iran.
“We are closely following the developments in that direction and keep in touch with all parties involved in the process,” Spokesperson for the Ministry of Foreign Affairs Anna Naghdalyan said in a statement.
“We clearly present our questions and concerns. Armenia’s traditional good-neighborly relations with Iran are of vital importance,” she added.
The Spokesperson said a thorough investigation of the effects of sanctions on Armenia is being carried out.
The Trump administration has restored all sanctions lifted under the 2015 nuclear deal in a bid to pressure Iran.
The sanctions that went into effect on Monday target Iran's oil exports and financial transactions, hitting the country's main source of revenue and hard currency.
The United States has said it wants to reduce Iranian exports to zero barrels and would sanction countries and companies that buy Iran's oil.
Menwhile, Iran's President Hassan Rouhani has vowed to skirt US sanctions and keep exporting oil.
"America wanted to cut to zero Iran's oil sales ... but we will continue to sell our oil ... to break sanctions," Rouhani said in comments broadcast on state television.