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

ArmInfo. 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.