Thursday, October 2 2014 18:38

Russian expert: Armenia should stop relying on Russia as source of financing


ArmInfo. As soon as Armenia joins the Eurasian Economic Union, it will be able to avoid the effects of the anti-Russian sanctions - for as an independent state it will be able to apply to any sources, Russian expert Vasily Solodkov told ArmInfo during an international banking conference in Yerevan on Thursday.

He said that Armenia is losing its sources in Russia. "The sanctions are just starting to cause their negative effects but it is already clear that Armenia should stop relying on Russia as a source of financing," Solodkov said.

Concerning the possibility of a common currency in the Eurasian area, the expert said that this problem was first discussed in the early 1990s but nothing specific has been done so far.

An international banking conference kicked off in Yerevan on Thursday. The organizer is the Moscow International Currency Association and the key topic is banks in times of changes. The official sponsor is BBR Bank. The event will last till Oct 4.
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