ARMINFO News Agency, Armenia
 Thursday



Armenian Economic Development Minister sees no reason for serious
concern over US sanctions against Russia

 Yerevan August 10

Naira Badalyan. For Armenia, there are no serious reasons for concern
in dealing with American sanctions against Russia. The Minister of
Economic Development and Investments of Armenia Suren Karayan stated
this in an interview with journalists after the August 10 meeting of
the Government.

According to him, at this stage Yerevan is studying possible negative
consequences of US sanctions against Russia for Armenia. "Until then,
we can not talk about specific figures, as well as possible negative
impacts on the Armenian economy," he said.

At the same time, according to Karayan, Armenia's economy has already
managed to adapt to the consequences of anti-Russian sanctions. "For
today, I see no reason for serious concern," stressed the head of the
Ministry of Economic Development.

Meanwhile, according to the Deputy Foreign Minister of Armenia
Shavarsh Kocharyan, for all it is obvious that when negative phenomena
occur in the Russian economy, they affect all neighbors. "When there
was a crisis in Russia, it also affected the member of the EEU,
Armenia, and the non-member of the EEU Azerbaijan, and Georgia, which
goes to the EU." Countries that are somehow affiliated with Russia,
can feel a negative impact," said Kocharian in an interview with
reporters. As the Deputy Minister noted, in this context, Armenia's
economic policy is to deepen existing economic ties and create new
ones.