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Delivery times for goods from Armenia and other CIS countries to Russia have increased by two weeks
... citing Russian daily 'Izvestia.' Problems have arisen with deliveries from Kazakhstan, Georgia, Armenia, and Kyrgyzstan. Only Belarus is operating without delays, noted Alexei Razumovsky, commercial director of Impaya Rus. The Russian Federal Customs Service ... ... aforementioned countries. Olga Shoall of Novasmart cited among the reasons for the delays in Kazakhstan the pressure of Western sanctions, a 30% increase in transit flows through the country in 2024, and the fight against 'gray' import schemes, including ...
06/27/2025EAEU is 11 years old: A History of Success – Ambassador of the Russian Federation to the Republic of Armenia S.P. Kopyrkin on EAEU Day
... Economic Union (EAEU) celebrate EAEU Day on May 29. This dynamically developing integration organization, uniting Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has proven its relevance and viability in a relatively short period of time by historical ... ... brings concrete and tangible benefits to the citizens of the participating countries. It is significant that the illegitimate sanctions imposed by the West against Russia and Belarus could not paralyze cooperation within the EAEU. Moreover, they became ...
05/29/2025Simonyan believes there could have been collusion between Russia and Azerbaijan over Nagorno-Karabakh
... another such collusion against Armenia. He added that Russia is trying to make Armenia a member of the Union State of Russia and Belarus. "Our ally (Russia), which was supposed to protect us, at best did not protect us or was in a joint process (with ... ... Ukraine started with the war in Nagorno-Karabakh: it was necessary (for Russia) to get an alternative route to bypass possible sanctions, which is being done now: Azerbaijan now sells Russian gas to Europe through its own pipelines," he told reporters ...
02/29/2024Mass media outlets claim Russia trying to punish Armenia by banning its agricultural exports
... Nikol Pashinyan’s decision to snub a latest meeting of Russia-dominated Collective Security Treaty Organization (CSTO) in Belarus. YEREVAN, November 28. /ARKA/. Armenian users of social networks and some mass media outlets claim that hundreds of ... ... Russia soared by 85% to about $2.7 billion. Armenian exports began to surge after Russian invasion of Ukraine followed by Western sanctions slapped on Russia. Armenian entrepreneurs have taken advantage of this situation re-exporting various goods manufactured ...
11/28/2023Trade among Eurasian Economic Union member countries up 9% in 8 months of 2023
... year-on-year to about 4.5 trillion rubles ($50.2 billion), Russian Deputy Minister of Economic Development Dmitry Volvach said on Wednesday, Tass reported. GDP of the EEU member countries grew by 3% in the first nine months of this year, despite the sanctions pressure against Russia and Belarus, he said. About 90% of trade in goods in the EEU is carried out in national currencies, he added. The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. According to official figures, Armenia's largest foreign trade partners among ...
11/16/2023Putin says Russia expands economic ties with CIS partners despite threat of Western sanctions
Russia's economic ties with its Commonwealth of Independent States (CIS) partners are expanding despite the threat of secondary sanctions by the West, President Vladimir Putin said. YEREVAN, October 13. /ARKA/. Russia's economic ties with its Commonwealth ... ... their threat to apply so-called secondary sanctions against those who will continue working in bilateral formats with Russia and Belarus, our economic ties and exchanges within the CIS are consistently expanding," Putin said at a meeting of the CIS leaders ...
10/13/2023EEC extends €1k limit of duty-free online purchases until April 1, 2024
... foreign marketplaces until April 1, 2024, the Russian Business Consulting (RBC) news outlet reported. The Ministry of Economy of Belarus clarified earlier that the extension is about duty-free import of goods by land transport and on foot, as well as goods ... ... imports to equalize the working conditions of foreign and domestic online stores. However, after the introduction of Western sanctions against Russia at the end of March 2022, the threshold was raised to 1000 euros. After that, the increased threshold ...
09/28/2023No pressure from Moscow to keep sanctioned goods flowing, Armenian deputy FM tells Politico
Mnatsakan Safaryan, Armenia’s deputy foreign minister responsible for sanctions policy, told POLITICO that while the Eurasian Economic Union mandates the free movement of goods, “We cannot fall ... ... Washington earlier accused Armenia of being a “transshipment point” to “illegally redirect restricted items to Russia or Belarus.” Several Armenian firms have been sanctioned by the U.S. Armenia has now publicly committed to working with the EU ...
06/22/2023Armenia to allocate 450 mln rubles for establishment of Eurasian Reinsurance Company
... company emerged after a number of international insurance agencies refused to reinsure goods exported to Russia because of Western sanctions. Kerobyan said the creation of the reinsurance company would provide a new tool, which will allow reinsuring risks of ... ... Reinsurance Company on May 29, 2023. The agreement was signed in Yerevan on October 20, 2022 by representatives of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan following the meeting of the Eurasian intergovernmental council. The agreement will enter into ...
06/13/2023Pashinyan: we cannot afford to fall under sanctions
In terms of goods that are under sanctions (imposed by the collective West on Russia) we try to be as transparent as possible, and in this sense we cooperate with ... ... which aren’t subject to sanctions, are no problem. Before February 2022, they had been shipped to Russia through Poland and Belarus, now they are shipped through Armenia, 'Pashinyan said. He said it’s not just about the change of routes, as most of ...
05/15/2023Minister: Armenia does not want to help Russian companies avoid western sanctions
Armenian Economy Minister Vahan Kerobyan denied reports that Armenian companies help Russian partners avoid western sanctions. . YEREVAN, April 21. /ARKA/. Armenian Economy Minister Vahan Kerobyan denied reports that Armenian companies ... ... an interagency initiative to crack down on evasion and violations of U.S. sanctions and export controls targeting Russia and Belarus. It also issued a Tri-Seal Compliance Note highlighting evasion tactics to assist the private sector in identifying warning ...
04/21/2023Some 113,753 people arrived in Armenia from Russia, Belarus and Ukraine since February 2022
Some 113,753 people arrived in Armenia from Russia, Belarus and Ukraine since February 2022 and as of March 1, 2023, Economy Minister Vahan Kerobyan said on Monday. YEREVAN,... ...," Kerobyan said. The minister noted that another 679 people work in the trade. "Because of the war (in Ukraine) and sanctions (against Russia), many companies left Russia and moved to other countries. Many chose Armenia and the reason is the ...
03/13/2023Situation in CSTO area of responsibility remains tense, says Chief of Joint Staff
... Sidorov noted that the organization remained focused on "moving NATO offensive infrastructure close to the western borders of Belarus and Russia, the growing military activity against the background of aggressive rhetoric of the Baltic states and the Ukrainian ... ... crises and military conflicts, the organization of color revolutions, support for terrorist structures, and the use of economic sanctions against unwanted countries contribute to the formation of a belt of instability around its member states." On Monday,...
02/14/2023EDB predicts 12.5% growth for Armenia in 2022 and a drop to 4.2% in 2023
... said in its Macroeconomic Outlook for 2023. The EDB’s baseline scenario projects Armenia’s GDP to increase by 12.5% in 2022, Kazakhstan’s 2.8%, Kyrgyzstan’s 3.1%, and Tajikistan’s 7.5%. According to the EDB, with the gradual adaptation to the sanctions, the economic downturn in Russia will slow to 2%, while Belarus is expected to see a recovery growth of 0.3%. Increased uncertainty, difficulties in the supply of investment and intermediate goods and limited access to advanced technology will continue to constrain business activity in Russia and Belarus in ...
11/29/2022U.S. Department of Treasury includes Armenia-based company in list of entities subject to new U.S. sanctions against Russia
... of Foreign Assets Control (OFAC) included Taco LLC, an Armenia-based company, in the list of entities subject to the new U.S. sanctions against Russia. YEREVAN, September 30. /ARKA/. The U.S. Department of the Treasury’s Office of Foreign Assets ... ... to or in support of Radioavtomatika. The list of sanctioned legal entities also includes companies based in Russia, China and Belarus. -0-
09/30/2022Armenian companies have a good chance to fill gaps in Russian markets after Western companies left it- economy minister
... investments in Armenia total $2bn. The U.S. has put Armenia on the list of countries that can be used to circumvent Western sanctions against Russia. "The situation is under control. The sanctions are not violated by Armenia and there are no special ... ... Georgia turned out to be extremely busy because "huge cargo flows that were going to Russia from Europe through Ukraine and Belarus, now go through Turkey and Georgia," said Kerobyan. The Armenian cargos started to go through the border faster ...
09/07/2022U.S. State Department presented pros and cons of Armenia's 2022 investment climate
... investment inflows are low. Armenia had commenced a robust recovery from a deep 2020 recession prior to the introduction of new sanctions against Russia. GDP growth reached five percent in 2021 and had been expected to continue to grow in 2022 by at least ... ... and related issues. Since 2015, Armenia has been a member of the Eurasian Economic Union, a customs union that brings Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia into a single integrated market. In November 2017, Armenia signed a Comprehensive ...
07/29/2022Armenia shows best economic performance dynamics in 5 months of 2022 - Eurasian Development Bank
... is 24.9% higher than in January-May 2021. According to the statistical data, the domestic trade in January-May 2022 amounted to over 1.4 trillion drams, having increased by 8.9% compared to the same period of 2021. "The economies of Russia and Belarus were subjected to strong sanctions pressure, which led to a decline in business activity. In Kazakhstan, Armenia, and Kyrgyzstan, in turn, economic activity showed strong dynamics. In Tajikistan, GDP growth slowed, but remained positive," the EDB said. In general, in the ...
07/14/2022Russian PM: Russian-Armenian trade in 4 months is over $890 million
... visits will recover and even increase. In my opinion, this is very important for the population of Armenia and Russia," Mishustin said. Mishustin and Pashinyan met on the sidelines of a meeting of the Eurasian Intergovernmental Council in Minsk, Belarus. ‘Russia and Armenia stand for strengthening of Eurasian integration on the basis of four freedoms: capital, labor, services and free circulation of goods. We will take joint steps to reduce the impact of sanctions, our decisions help to stabilize the economies of the Eurasian Economic Union," said Mishustin. -0-
06/21/2022Russian State Duma allows sale of goods in duty free stores to those flying from Russia to EEU countries
In a bid to offset the consequences of an array of Western sanctions, the Russian State Duma passed a law that allows sale of duty-free goods to passengers flying to Eurasian Economic Union ... ... sanctions pressure," the Duma said in a statement on its website, Forbes.ru writes. Since 2019, passengers flying from Armenia, Belarus, Kazakhstan and Kyrgyzstan (all members of the Eurasian Economic Union together with Russia) have been able to buy goods ...
06/16/2022Eurasian Economic Commission extends duty-free imports of certain types of passenger aircraft until 2031
... turbojet aircraft with a capacity from 110 to 300 passengers, while turboprop airliners with up to 90 seats are the European ATR 72 and the Canadian Bombardier DHC-8. This privilege introduced by the Customs Union Commission in 2009 was used by Kazakhstan, Belarus, Armenia and Kyrgyzstan. Russian air carriers until the imposition of western sanctions in 2022 used to import foreign aircraft in accordance with a 2010 decision on temporary imports. The government of Kazakhstan repeatedly asked to extend the privilege. In 2023-2031 the Kazakh airlines Air Astana and SCAT will need about 60 new ...
06/10/2022EDB projects 1% growth for Armenia in 2022
... Outlook for 2022–2024 released by the Eurasian Development Bank (EDB), Armenia’s GDP growth in 2022 is projected at 1.0%. The baseline scenario projects that Russia’s GDP will contract by 7.0% and a significant decline of 6.5% is also projected for Belarus due to disruptions in production and logistics chains, increased uncertainty, and Western sanctions. The growth in Kazakhstan is projected at 2.5%, in Kyrgyzstan at 1.1%, and in Tajikistan at 4.2%. According to the outlook, hopes for sustained post-pandemic economic growth are all but nullified. Energy, food and fertilizer prices have reached ...
05/30/2022Ukraine invasion: EU leaders agree 'massive and severe' sanctions on Russia
EU leaders held an emergency summit in Brussels on Thursday in the wake of Russia's invasion of Ukraine and agreed on sanctions designed to impose "massive and severe consequences" on Moscow, euronews. com reported. YEREVAN, February ... ... delay" the proposals prepared by the Commission and top diplomat. It also recommends a further package of measures against Belarus. EU leaders flew to Brussels with two main goals: to showcase the unity of the 27 member states and agree on a new, more ...
02/25/2022World Bank predicts 4.8% growth for Armenia in 2022 and 5.4% in 2023
... is projected to be the weakest among the ECA subregions, halving from 3.1 percent in 2021 to 1.4 percent in 2022. The subdued outlook, particularly for private investment, reflects ongoing geopolitical tensions in Ukraine and the impact of economic sanctions on Belarus’s economy, which is expected to contract in 2022. Assuming geopolitical tensions do not escalate further, improving domestic demand should help lift output in Eastern Europe to 3.2 percent in 2023. Longer-term growth prospects are constrained ...
01/12/2022EU adopts 2.3 bln euros investment plan for Eastern Partnership countries
... investments will support the future cooperation agenda framed around governance and investment," the source said. The Eastern Partnership is a joint initiative of the European Union and six Eastern European partners, namely Azerbaijan, Armenia, Belarus, Georgia, Moldova, and Ukraine. Belarus suspended its participation in June 2021 following EU sanctions and the freezing of European cooperation programs. The Eastern Partnership summit was held in Brussels on December 15, 2021. -0-
12/16/2021Pashinyan: it’s necessary to appropriately apply mechanisms existing in CSTO
... there due to the efforts of the two Presidents, but we still have tense situation there. There are controversial issues over enclaves, which lead to tensions and clashes. I cannot say that the situation has notably improved in the western direction, in Belarus. The situation has stabilized, but there is public and political crisis. Pressure against the authorities from the West is intensifying, and today the USA declared about exerting serious sanctions. Of course, all these have a negative impact on our countries. You already mentioned the problems that cause this situation in the Caucasian region. You focused on the crisis situation on the border. Today I was there, visited motorized rifle ...
08/11/2021US to re-impose sanctions against Belarus
... regime, as it was travelling between Greece and Lithuania. He has been detained in Minsk alongside his girlfriend, Ms Sofia Sapega, despite international calls for their release. European Union (EU) officials on Thursday detailed plans for their own sanctions against Belarus that would hit economic sectors close to Mr Lukashenko, including the potash industry. Those are likely to have a greater impact than the penalties announced by the White House. US trade with Belarus amounted to only about US$112 million (S$148 million) in 2020, according to the US Census Bureau....
05/31/2021EU summit bans Belarusian airlines form flying over bloc's airspace
The European Union on Monday called on all E.U.- based airlines to stop flying over Belarus and began the process of banning Belarusian airlines from flying over the bloc’s airspace or landing in its airports ... ... that “their freedom of movement be guaranteed.” In addition to the aviation measures, they also pledged to add new economic sanctions against the Minsk government, but those can be legally cumbersome, and will most likely take longer to enforce than ...
05/25/2021Russia military expert says Armenia has the right to take extreme measures against Azerbaijan
... modern weapons are being used against it, supplied not only by Turkey, but also by Israel and other states, including Russia and Belarus, which along with Armenia are members of the Russia-led Collective Security Treaty Organization (CSTO). “The Republic ... ... place,” he explained. Speaking about the European Union, Yevseyev noted that due to a serious split, it was unable to impose sanctions against Turkey. He named the states that prevented it. “This is Germany with a significant Turkish Diaspora, this ...
10/26/2020EEU member states agree to join efforts for overcoming Covid -19 pandemic
... Supreme Eurasian Economic Council. YEREVAN, April 14. /ARKA/. Armenia's Prime Minister Nikol Pashinyan and the presidents of Belarus Alexander Lukashenko, Kazakhstan Kassym-Zhomart Tokayev, Kyrgyzstan Sooronbai Jeenbekov and Russia Vladimir Putin, adopted today a joint ... ... to maintain international cooperation, build confidence, end armed conflicts, trade wars, unilateral financial and economic sanctions and strictly abide by international law.' 'We stand for the unity of the international community and the stability of ...
04/14/2020Fitch Ratings: reducing external vulnerabilities is a positive rating sensitivity for Armenia
... end-2013 level of 'BB'. Ratings came under pressure in 2014-2016 as oil exporters were hit by lower prices, as the West imposed sanctions on Russia, and as Russia's economic slowdown and policy response spilled over to other sovereigns. Generally stronger ... ... financial volatility has improved. For example, Georgia absorbed shocks from the Turkish lira's fall in mid-2018. Ukraine and Belarus have seen the biggest improvements in their current accounts. However, some factors that led to ratings declines in 2014-2016 ...
02/12/2020Trade between Eurasian Economic Union and United States in 2018 surged by almost 20% to $28.3 billion
..., Fyodr Chernitsyn, an assistant to the Eurasian Economic Commission (EEC) minister for integration and macroeconomics, said sanctions and artificial restrictions with respect to EEU’s key economy, Russia is a negative factor. Chernitsyn said also that ... ... cooperate with foreign countries and key regional economic associations. Representatives of the diplomatic missions of Armenia, Belarus and Russia, as well as business and academic circles of the United States participated in the annual conference. -0-
03/22/2019EEU members to benefit from trade agreement signed with Iran, Armenian minister says
... Service of the RFE/RL, Khachatryan said the preferential trade agreement with Iran has been ratified by Russia, Kyrgyzstan and Belarus and will soon also be ratified by Armenia. “Iran’s simplified trade agreement with the EEU will give major opportunities ... ... terms of better access to the Iranian market,” he was quoted as saying by RFE/RL. Khachatryan said also that U.S. economic sanctions re-imposed on Tehran last year could hamper greater trade between Iran and the EEU member states. But he also said: ...
03/05/2019EEU able to create single settlement currency
... Union is extremely advantageous, for which he expressed gratitude to US President Donald Trump for slapping a long string of sanctions against Russia. "The sanctions appeared to be instrumental in our efforts to consolidate internal resources, create ... ... expansion of mutual trade and economic ties. The authorized capital of the EDB is $7 billion. The participating states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. --0--
09/06/2018Armenia may become center for technology exchange between West and Eurasia, Armen Sarkissian says
... Thus, we are the only country in the region that is building correct relations with the EU and EEU member countries Russia, Belarus, Kazakhstan and Kyrgyzstan, which is very important for investors,’ Sarkissian said. However, according to him, this ... ... a string of challenges and create conditions for increasing Armenia’s investment attractiveness. "Because of Western sanctions (against Russia), investors today can not enter the Eurasian market, and this in mind we can make Armenia the center ...
03/01/2018Valovaya: Armenia plays key part in Iran’s integration with Eurasian Economic Union
... to remember that this is a quite complicated process, which began in 2016, when events involving Iran was adverse because of sanctions. And it is now at a quite good state thanks to Armenia, since the country is among the leaders of this process, and ... ... agreement, maybe Kyrgyzstan will start negotiating soon. Besides, progress is seen in relations between the European Union and Belarus. We welcome this very much, since we sent a proposal to the European Commission yet in 2015 to start a dialogue between ...
07/10/2017Nranyan: Armenia might receive long-term dividends, not momentary benefit from Eurasian Economic Union
... revenue inflow in the country's budget. Speaking about businesses, he said that the effect from Armenia's membership in the union will be seen here later. He said that Armenia built up its exports to the Eurasian Economic Union market amid the union's sanctions against Ukrainian and Georgian products. «We have managed to take advantage from the situation and fill the gap at the market, and I think we should be more active in the future also adopting the best practices of Kazakhstan and Belarus, which joined the union long ago,» Nranyan said. Armenia joined the Eurasian Economic Union on January 2, 2015. --0---
04/20/2016Simonov: lower gas price for Armenia is possible
After Armenia, Georgia, Russia and Iran signed a quadruple memorandum on cooperation in energy area and sanctions were lifted from Iran, Armenia got a chance to become a flagship player in electric energy industry. It is very important ... ... price for Armenia likely? - This is a good question. It is really very interesting, since it is not a secret that prices for Belarus and Armenia have traditionally been lower than for other Gazprom's consumers. When prices were low [compared with prices ...
02/29/2016Armenia’s chairmanship in Eurasian Economic Union to give new impetus to Russia-Armenia interaction within union
... Economic Union appeared and made its first steps in a challenging time, but movement forward is seen in all directions. “Despite sanctions, trade turnover between the union countries is growing, an active process of legislation harmonization is under way ... ... is rising,” he said. The Eurasian Economic Union started functioning on January 1, 2015. Its members are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. ---0-----
12/14/2015Eurasian Economic Union prosperity depends on ability to adapt to today's circumstances
... financial market are increasingly becoming matters of special importance. Now the Eurasian Economic Union members are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Tajikistan, Syria, Tunisia and Egypt have expressed wish to join the union. Today ... ... admitted that the Eurasian Economic Union has to operate in quite difficult conditions, such as the global economy’s troubles, sanctions against Russia that strike hard also at the union countries' economies and the fall in prices for energy carriers that ...
11/03/2015EBRD revises downward Armenia’s growth for 2015 to 1.5 percent
..., mainly in Russia. Armenian government projects a 4.1 % growth for this year. Regarding Russia, EBRD said lower oil prices, sanctions and weakening investor confidence will push the Russian economy into a deep contraction this year, although it now ... ... Central Asia. Growth in Georgia is expected to decelerate to 2.3 percent this year from a forecast of 4.2 percent in January. Belarus, sandwiched between Russia and Ukraine, also remains under stress, with its forecast revised down to a 2.5 percent contraction ...
05/14/2015Summit in Riga to make EU-Armenia cooperation prospects clear - analyst
... Initially uniform subject matters and instruments were used to various countries in a diverse region, the expert said. As a result, Belarus isolated itself, Azerbaijan was not “in a rush” either and said the EU is its energy partner only. Finally,... ... to a standstill after the Ukrainian events, Armenia’s refusal to sign association with the EU after 3.5-year talks, EU sanctions and Russia’s retaliation, Galstyan said. Today the EU is ready to meet its partners halfway and to take into account ...
03/09/2015EBRD predicts zero growth and stagnation in Armenia in 2015
... the currencies of economies with strong trade, investment and remittances ties to Russia, with the sharpest declines seen in Belarus, Turkmenistan and Armenia. YEREVAN, JANUARY 19. / ARKA /. The Armenian economy is expected to stagnate in 2015,... ... Russia, whose economic growth was already slowing down amid uncertainty and weak investor confidence after the imposition of sanctions in 2014. Energy exporters Kazakhstan, Azerbaijan and Turkmenistan have also been negatively affected by the lower prices....
01/19/2015Eurasian Development Bank lowers its forecast for economic growth in Armenia for 2014 from 4% to 3.3%
... favorable impact on its exports of agricultural products to EEU member countries, especially in the context of ongoing Western sanctions against Russia. The study says that Armenia can also count on lower energy prices, partly because of their decrease ... ... Kazakhstan in 2006 to help develop market economies and boost mutual trade ties in member states. The member-states are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. -0--
12/22/2014Armenia’s anti-trust body presents EEU’s common competition rules
... companies to present the common competition rules that will be effective across the Eurasian Economic Union of Russia, Kazakhstan, Belarus and Armenia beginning from January 1 next year. YEREVAN, December 1. / ARKA /. Armenia’s anti-trust body - ... ... low monopoly prices, it can be classified as an abuse of monopoly or dominant position", Shaboyan said. According to him, sanctions will be imposed not only on large companies but also on government officials who will help such companies set monopoly ...
12/01/2014Armenian meat producers allowed to sell their products to Russia
... following lengthy negotiations. He added that Armenian meat products can be now exported not only to Russia, but also Kazakhstan and Belarus, two other members of the Eurasian Economic Union (EEU). According to him, 11 Armenian companies are allowed to export ... ... restrictions on raw materials - local or imported - except for raw materials from countries that are in the list of Russian sanctions," said Mkrtchyan. -0--
11/18/2014Armenia should identify possible areas where it can deepen relations with EU- Lithuanian diplomat says
... Vladivostok", but when it comes to free trade, it is not in a hurry to go that route. ARKA- Will the Western policy of sanctions against Russia affect other members of the Eurasian Economic Union when it comes into force on January one next year?... ... sanctions against the West that will depend on the willingness of Armenia and other members of the Union, but so far neither Belarus nor Kazakhstan have expressed much enthusiasm in this regard. ARKA –What is your vision about the resolution of the ...
10/22/2014Armenia should identify possible areas where it can deepen relations with EU- Lithuanian diplomat says
... Vladivostok", but when it comes to free trade, it is not in a hurry to go that route. ARKA- Will the Western policy of sanctions against Russia affect other members of the Eurasian Economic Union when it comes into force on January one next year?... ... sanctions against the West that will depend on the willingness of Armenia and other members of the Union, but so far neither Belarus nor Kazakhstan have expressed much enthusiasm in this regard. ARKA –What is your vision about the resolution of the ...
10/22/2014Eurasian Development Bank’s investment portfolio in Armenia amounts to $100 million now
... Chairman of the Eurasian Development Bank’s Board Igor Finogenov told Novosti-Armenia. He said that despite of the economic sanctions’ adverse impacts on economic things, the bank has no intention to slow down and will finance interesting projects.... ... of its member countries’ market economies. The bank’s authorized capital exceeds $1.5 billion. Its members are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajukistan. --0----
10/09/2014Armenia’s accession to EEU may push inflation up to 11 percent, consumer watchdog head says
... in additional 5% inflation to push the annual figure up to 11%," said PogHosyan at a press conference on Monday. Armenia is expected to join formally the Russia-led union on October 10 at a summit of the bloc’s heads of state in Minsk, Belarus. According to Poghosyan, a string of sanctions slapped by Europe and the United States on Russia would adversely affect the economy of Armenia as well. "Inevitably, prices for European goods, particularly automobiles, will rise. The price hikes will not affect some 10-12% of the Armenian ...
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