Expert says situation in Russia will stabilize by summer and Armenian producers will resume their exports in full

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Economy

27.03.2015, 18:42

The situation in the Russian market will stabilize by summer and Armenian producers will be able to resume their exports to that country in full, Vazgen Safaryan, chairman of the Union of Domestic Commodity Producers, told a news conference today.

Expert says situation in Russia will stabilize by summer and Armenian producers will resume their exports in full

YEREVAN, March 27. / ARKA /. The situation in the Russian market will stabilize by summer and Armenian producers will be able to resume their exports to that country in full, Vazgen Safaryan, chairman of the Union of Domestic Commodity Producers, told a news conference today.

He said the latest developments in Russia suggest that the ruble is moving towards stabilization and besides, some European countries are advocating easing the sanctions against Russia.

"All this together will lead to the stabilization of the situation in Russia by summer, which will allow Armenian exporters to return to its market in full," said Safaryan.

He stressed that despite this general trend Armenian producers need to work together and develop a mobilization economic policy that will allow them to diversify their export markets.

An economist Vilen Khachatryan said the expected increase in oil prices will help the Russian economy to stabilize and help the ruble to become stronger. -0-

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