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Zhoghovurd: Sanctions Against Russia To Affect Armenian Economy

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  • Zhoghovurd: Sanctions Against Russia To Affect Armenian Economy

    ZHOGHOVURD: SANCTIONS AGAINST RUSSIA TO AFFECT ARMENIAN ECONOMY

    11:26 18/07/2014 >> DAILY PRESS

    The confrontation between Russia and the West over Ukraine is entering
    a new phase. Both the United States and the European Union have
    decided to impose more sanctions against Russia. On Thursday, the U.S.

    banned a number of Russian energy companies and banks from entering
    its financial markets, Hraparak writes.

    The sanctions will inevitably affect Armenia's economy, especially as
    Rosneft and Gazprombank are on the U.S. blacklist, the newspaper notes.

    According to the newspaper, Armenian Economy Minister Karen
    Chshmarityan has said that the sanctions against Russian companies
    may affect Armenia as well.

    Source: Panorama.am

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