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ARMENIAN REPUBLICAN PARTY MEMBERS MORE OPTIMISTIC ABOUT RUSSIAN ECONOMIC RECOVERY THAN RUSSIAN EXPERTS: 168 ZHAM
10.21.2014 12:31 epress.am
http://www.epress.am/en/2014/10/21/armenian-republican-party-members-more-optimistic-about-russian-economic-recovery-than-russian-experts-168-zham.html
Armenian experts and government officials are more optimistic about
Russia's economic recovery than Russians are, writes 168 Zham paper
turning to the backdrop of western sanctions on Russia's economic
crisis.
The paper cites Russian Academy of Sciences academician, economic
expert Abel Aghabekyan, who stated that Russia's socio-economic
situation is in quite a serious situation, which is characterized
by stagnation, recession, and stagflation. The academician noted,
that those three factors combined, will last for at least 3 years,
including 2013, when the process of stagnation began.
In regards to Armenian officials, for example, Republican Party faction
MP Gagik Melikyan recently stated that the current situation in Russia
is a temporary one.
"We expect that sanctions against Russia will diminish in the future,
and will positively influence Russia's economic growth. I'm convinced
that during the coming year there will be positive steps toward that
direction," says Melikyan.
Another Republican Party MP, Parliamentary Standing Committee on
Financial-Credit and Budgetary Affairs Chairman Gagik Minasyan
spoke on Public Television (H1), assuring that the sanctions could
be helpful for Russia. According to Minasyan, the sanctions could
stimulate Russia to focus on its domestic resources, and in a short
time-frame ensure technological progress and economic growth, which
would result in an increase of remittances from Russia to Armenia.
Attempts have been made by Russia to facilitate the lifting of
sanctions by the United States and the European Union, but with no
avail. The sanctions were imposed by the Western states in order to
punish Russia for its involvement in Ukraine. The sanctions target
certain government individuals and the Russian banking, defense, and
energy sectors. Russia is recently lifting previous bans on certain
products, ex: Chinese Pork etc, in order to supplement recently
sanctioned products.
Armenia recently entered into the Russian-led Eurasian Economic Union
on October 10 after a year negotiations. The majority of Russian
imports to Armenia are in the form of remittances and energy (gas).
When Russia's economy fell during the 2008 international crisis,
remittances from Russia to Armenia fell approximately by 250%,
significantly more than any other developed country sending remittances
to Armenia.
From: Baghdasarian
10.21.2014 12:31 epress.am
http://www.epress.am/en/2014/10/21/armenian-republican-party-members-more-optimistic-about-russian-economic-recovery-than-russian-experts-168-zham.html
Armenian experts and government officials are more optimistic about
Russia's economic recovery than Russians are, writes 168 Zham paper
turning to the backdrop of western sanctions on Russia's economic
crisis.
The paper cites Russian Academy of Sciences academician, economic
expert Abel Aghabekyan, who stated that Russia's socio-economic
situation is in quite a serious situation, which is characterized
by stagnation, recession, and stagflation. The academician noted,
that those three factors combined, will last for at least 3 years,
including 2013, when the process of stagnation began.
In regards to Armenian officials, for example, Republican Party faction
MP Gagik Melikyan recently stated that the current situation in Russia
is a temporary one.
"We expect that sanctions against Russia will diminish in the future,
and will positively influence Russia's economic growth. I'm convinced
that during the coming year there will be positive steps toward that
direction," says Melikyan.
Another Republican Party MP, Parliamentary Standing Committee on
Financial-Credit and Budgetary Affairs Chairman Gagik Minasyan
spoke on Public Television (H1), assuring that the sanctions could
be helpful for Russia. According to Minasyan, the sanctions could
stimulate Russia to focus on its domestic resources, and in a short
time-frame ensure technological progress and economic growth, which
would result in an increase of remittances from Russia to Armenia.
Attempts have been made by Russia to facilitate the lifting of
sanctions by the United States and the European Union, but with no
avail. The sanctions were imposed by the Western states in order to
punish Russia for its involvement in Ukraine. The sanctions target
certain government individuals and the Russian banking, defense, and
energy sectors. Russia is recently lifting previous bans on certain
products, ex: Chinese Pork etc, in order to supplement recently
sanctioned products.
Armenia recently entered into the Russian-led Eurasian Economic Union
on October 10 after a year negotiations. The majority of Russian
imports to Armenia are in the form of remittances and energy (gas).
When Russia's economy fell during the 2008 international crisis,
remittances from Russia to Armenia fell approximately by 250%,
significantly more than any other developed country sending remittances
to Armenia.
From: Baghdasarian