YEREVAN, September 19. / ARKA /. After joining the Customs Union Armenia will pay for energy carriers the same price as the other members of the union pay, Bruno Balvanera, the EBRD Director for Caucasus Region, Moldova and Belarus, told journalists on Thursday.
He said that Armenia will benefit from this, since Customs Union member countries receive natural gas at a lower price than other countries, and this will have a positive impact on the country’s economy and on inflation, which is under considerable pressure.
Balvanera said that Armenia has only expressed its intention to join the Customs Union, and it will pass long way of negotiation.
He found it premature to forecast something. He said time is needed to see what impacts Armenia’s membership in the Customs Union will have on its imports and exports.
Balvanera also stressed that every country has the right to decide to join this or that alliance, and the EBRD respects Armenia’s decision.
He remembered that Russia is member of the EBRD, and some 30% of the EBRD projects are being implemented in Russia. Kazakhstan and Belarus are the EBRD members as well.
He added that the EBRD has the experience of working with the Customs Union members and its policy toward Armenia remains unchanged.
Armenian and Russian presidents, Serzh Sargsyan and Vladimir Putin, made a joint statement on September 3, after they met in Moscow. It has become known from the statement that Armenia has decided to join the Customs Union and it intends to take part in formation of Eurasian Economic Union in the future.
The announcement came as Armenia was poised to sign the Association Agreement with the European Union. --0--