Armenian economy may be affected by sanctions on Russia and may be not - president

Armenian economy may be affected by sanctions on Russia and may be not - president

YEREVAN, August 12. /ARKA/. The sanctions on Russia may have a negative impact on the Armenian economy, but not necessarily, Armenian president Serzh Sargsyan said in his interview to Armnews.

It might happen because of the close links between the two economies, but the impact is not necessarily negative, the president said.

Sargsyan also said the government program envisaged preventive measure to minimize the negative effects.

The president said he was happy nobody was speaking about substantial price increases. The low economic growth is today’s concern, he said.

“I would prefer myself 30% economic growth to 3%, but not all wishes come true. The important thing is to take the advantage of new opportunities”, Sargsyan said.

“We say sanctions are imposed on Russia and that it may affect the Russian economy, but we forget to say Russia as well has imposed sanctions on other countries. This means great opportunities for agricultural producers are opened up in the Russian market”, the president said.

Sargsyan said producers will be promoted to increase their production and will get support for selling their goods in Russia. Many things are important, but hard work is the most important in helping us solve many problems, the president said.

In response to West’s sanctions on Russian individuals and organizations, on August 7 Russia has banned imports from a number of countries, including EU members. Among others, the banned foodstuff list includes beef, pork, poultry, fruits, vegetables, cheese and milk products. –0--

14:35 12.08.2014

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