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Sanctions against Russia will affect Armenia

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  • Sanctions against Russia will affect Armenia

    Economist: Sanctions against Russia will affect Armenia

    13:48 29/11/2014 >> ECONOMY


    Russia's gold reserves enable it to withstand the sanctions and the
    Russian economy will feel the negative impact of the sanctions if the
    oil prices fall below $60 per barrel, economist Ashot Tarverdyan told
    reporters on Saturday.

    In his words, Armenia would be affected by the sanctions against
    Russia even if it did not join the Eurasian Economic Union (EEU) since
    the two countries' economies are interrelated.

    The economist added that the worsening of the economic situation in
    Russia will also have an impact on the amount of remittances sent from
    Russia to Armenia.


    Source: Panorama.am


    From: Baghdasarian
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