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US sanctions against Russia will ‘hamper’ Armenia’s economy

July 28,2017 17:38

The US Senate has decided to impose economic sanctions against Russia. How will those affect Armenia, since Russian is one of the main partners of Armenia, and a member of the EAEU? Answering the journalists’ question, politician Stepan Grigoryan said, that formally, the restrictions are not against the EAEU, but if Russia’s economy is going to further regress, as most of the restrictions refer to not providing new technologies to Russia, of course, it will also affect the economy of Armenia.

The politician draws attention to the fact that the EU is against the US sanctions on Russia too, particularly Germany, as the restriction on technology transfer to Russia will directly affect the German economy.

“I’m not a specialist, to tell in detail what impact this will have on the Armenian economy, but we cannot trade freely with Iran, Georgia and the EU, as we are a member of the EAEU, so these products will be taxed”, said the politician.

In response to the question of Aravot.am: the EU agreement is scheduled to be signed in November. The Armenian authorities, like in 2013, promise that the agreement will be signed, it’s clear that Russia will not “sit in idleness”, what developments are expected? Stepan Grigoryan noticed, that, first, the new framework agreement does not hinder the commitments undertaken within the EAEU, then, if Armenia for the second time withdraws from its commitment and does not sign its initial agreement, it will seriously spoil the image of the country.

Nelly GRIGORYAN

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