Armenia launches exports control mechanism to help companies avoid risk of sanctions

 14:38,

YEREVAN, JULY 20, ARMENPRESS. Minister of Economy of Armenia Vahan Kerobyan has said that the government is doing everything for Armenian companies not to appear under secondary sanctions in conditions of the Western sanctions against Russia.

“The government has announced that although it’s not joining the sanctions, it is doing everything so that Armenian companies don’t come under secondary sanctions,” Kerobyan told reporters.

He said that the government is making numerous decisions in this direction to help businesses not circumvent sanctions.

“We’ve also introduced a certain mechanism of export control, according to which the exports of products of some categories is carried out only under our supervision. With this, we’ve basically cemented the borders of our exports in a way to not allow any company to come under that risk,” Kerobyan said.