Armenia’s CU-accession costs at $1bln for Russia: Gusev

Armenia’s CU-accession costs at $1bln for Russia: Gusev

YEREVAN, December 6. /ARKA/. Costs of Armenia’s accession to the Customs Union for Russia will be approximately 1 billion dollars, head of CIS strategic development center of Russia’s Institute of Europe professor Alexander Gusev said.

In economic terms Russia, no doubt, suffers from Armenia’s accession to the CU, Gusev said at Yerevan-Moscow video bridge on results of Russian president’s visit to Armenia. This includes nullified duties, reduced gas price, investments in projects, construction of Iran-Armenia railway branch, and modernization of irrigated farming, Gusev said.

But Russia gains much more from Armenia’s accession to the Customs Union in political terms, he said.

Following the negotiations of the presidents Sargsyan and Putin, Armenia and Russia signed over a dozen of documents, including on abolishment of customs duties for gas, oil products and raw diamonds supplied to Armenia, as well as several documents in gas sector, particularly on increasing 
Gasprom’s share in ArmRosgasprom to 100% and reducing the gas price for Armenia to 189 dollars per 1,000 cubic meters. 

The sides also signed an agreement on cooperation in nuclear safety and 2014-2017 actions plan on long-term economic cooperation until 2020.  –0—

15:24 06.12.2013

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