Russia’s economic situation has no negative impact on Armenia now – minister

Russia’s economic situation has no negative impact on Armenia now – minister

YEREVAN, March 13. /ARKA/. The current status of the Russian economy has not had negative impact on Armenia so far, Armenian minister of finance David Sargsyan told reporters.

It is difficult to say right now whether Russian economy faces long-term problems or if the problems are tied up with the Ukrainian events, the minister said.

According to Sargsyan, the situation will become clearer within the next month and long-term forecasts about impact on Armenian economy will be possible.

According to preliminary estimates, Russia’s GDP slowed down to 0.7% in January from 1% in December 2013. Russia’s ministry of economic development expects the country will step out of stagnation in the second-third quarters of this year.

Dollar and euro have reached record-high levels. Official euro versus ruble rate set by the Russian central bank for Wednesday was 50.47 rubles; dollars versus ruble was 36.40 rubles. –0--

11:12 13.03.2014

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