Wednesday, January 31 2018 17:14

Forecast: Regular sanctions against Moscow can reduce the volume of Russian trade and investment with the countries of the EAEU

Forecast: Regular sanctions against Moscow can reduce the volume of Russian trade and investment with the countries of the EAEU

ArmInfo. Another sanctions against Moscow can reduce the volume of Russian trade and investment with the EAEU countries, predicts the adviser to former US President George W. Bush in Russia and Eurasia, the former director of the Russian department in the Security Council of the United States, the global affairs researcher at the Jackson Institute of Yale University, the director of Kissinger Associates Thomas Graham.

On the night of January 30, the US Ministry of Finance published a "Kremlin list", which included almost all representatives of the Russian leadership and large Russian entrepreneurs - more than 200 people in all.  However, on January 30, US Treasury Secretary Steven Mnuchin announced the introduction of new anti- Russian sanctions in the near future. "We intend to use the Kremlin's list and intelligence to bring in additional sanctions," he said.

"Of course, it is difficult and premature to talk about specific figures and volumes, however, citizens of the EAEU countries and other countries will have to decide on their own willingness to take risks for the sake of doing business in Russia with persons already subject to or subject to future US sanctions already today I think that the decision on new sanctions against Russia will be taken in coordination with the European partners of the United States," he said.

According to the analyst, in supporting the sovereignty of the Central Asian countries, Washington seeks to see them more integrated into the world economy. And despite the desire of certain forces in Washington to tear off Central Asia from Russia, in general, the US does not make special efforts in this direction. In this light, much greater danger for Russian influence in the region, in Graham's view, represents China's activity.

"The EAEU is a de facto economic development program based on protectionism, while the Beijing's initiative One Belt - One Way, focuses on economic integration in the large Eurasian region .In this light, despite the talk about harmonizing these two policies, in my opinion, they still pursue diametrically opposite goals," says Graham.

According to him, the same Kazakhstan and Uzbekistan are striving for a permanent American presence in Central Asia in order to gain more room for maneuver, the two neighboring great powers: Russia and China. Graham expressed his belief in maintaining the US presence in the region, if only because of their military operations in Afghanistan. "However, a significant increase in our activity in Central Asia is unlikely, the region is outside the list of priorities for US national security," the US analyst summed up.

According to the ECE, the GDP growth of the EAEU countries in Jan-Sep 2017, compared to the same period in 2016, reached 1.9%. The growth of industrial production in Jan-Oct reached 2.3%, agricultural production - 2.7%, freight turnover - 6.8%, passenger turnover - 7.1%, retail trade turnover - 1.2%. Trade in the EAEU increased by 26.9%, foreign trade - by 24.7%. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

POST A COMMENT
Input digits     


News
Armenia`s trade turnover surpassed $14 billion in 11 monthsArmenia`s trade turnover surpassed $14 billion in 11 months
Narek Mkrtchyan: Average insecurity benefit in Armenia to increase  from 33,350 to 49,330 AMDNarek Mkrtchyan: Average insecurity benefit in Armenia to increase  from 33,350 to 49,330 AMD
Armenia`s communications revenue slowed in growthArmenia`s communications revenue slowed in growth
 Cargo transportation in Armenia decreased by 10.2% in 11 months,  while passenger transportation increased by 18.1% Cargo transportation in Armenia decreased by 10.2% in 11 months,  while passenger transportation increased by 18.1%
Overchuk calls Armenia`s decision to launch EU accession process as  start of its EAEU exit   Overchuk calls Armenia`s decision to launch EU accession process as  start of its EAEU exit   
Armenia`s energy output 5.9% up by Dec 2024 as compared with Dec 2023 Armenia`s energy output 5.9% up by Dec 2024 as compared with Dec 2023 
RA State Revenue Committee explains tax bill submission procedures in  2025 RA State Revenue Committee explains tax bill submission procedures in  2025 
Armenian producers to take part in PRODEXPO-2025 exhibitionArmenian producers to take part in PRODEXPO-2025 exhibition
Armenia`s Ministry of Finance, Ministry of Economy exchange functions Armenia`s Ministry of Finance, Ministry of Economy exchange functions 
Armenia, U.S. to initiate working group to strengthen enforcement of  export controls for dual-use goodsArmenia, U.S. to initiate working group to strengthen enforcement of  export controls for dual-use goods
Foreign investments flow from offshore Jersey to Armenia resumedForeign investments flow from offshore Jersey to Armenia resumed
Armenia, Iran must continue cooperation in all fields - minister Armenia, Iran must continue cooperation in all fields - minister 
Aghasi Tavadyan: Real incomes of Armenian families experienced   growthAghasi Tavadyan: Real incomes of Armenian families experienced   growth
Ameriabank Raises $200 Million from IFC, Marking the Largest Transaction by IFC ever with a Financial Institution in ArmeniaAmeriabank Raises $200 Million from IFC, Marking the Largest Transaction by IFC ever with a Financial Institution in Armenia
ARMSWISSBANK JOINS COMMUNITY OF RESPONSIBLE BANKS AS A UNEP FI MEMBERARMSWISSBANK JOINS COMMUNITY OF RESPONSIBLE BANKS AS A UNEP FI MEMBER
Armenia, Iran to expand cooperation in industry, agriculture tourism Armenia, Iran to expand cooperation in industry, agriculture tourism 
Armenia`s membership in EAEU extremely important for country`s  economy - Samvel Karapetyan Armenia`s membership in EAEU extremely important for country`s  economy - Samvel Karapetyan 
In 2024, Armenia saw 7% decrease in tourist arrivals compared to 2023In 2024, Armenia saw 7% decrease in tourist arrivals compared to 2023
Yeraskh metallurgical plant to start mass production in  February-March this yearYeraskh metallurgical plant to start mass production in  February-March this year
Minister of Economy: Exiting EAEU is not on government`s agendaMinister of Economy: Exiting EAEU is not on government`s agenda
Gevorg Papoyan: Amulsar project to boost Armenia`s economy with an  extra $120 mln in annual taxesGevorg Papoyan: Amulsar project to boost Armenia`s economy with an  extra $120 mln in annual taxes
Risks of exiting EAEU are obvious: Finance MinisterRisks of exiting EAEU are obvious: Finance Minister
Gevorg Papoyan on the Gevorg Papoyan on the "Dry Port" project: We are also considering a  more detailed study for final economic impact calculations 
Armenia`s ministry of finances revises GDP growth forecast down Armenia`s ministry of finances revises GDP growth forecast down 
WB loan to be spent on modernizing three electric power substations WB loan to be spent on modernizing three electric power substations 
Head of Armenia`s State Revenue Committee, U.S. ambassador to Armenia  highlight importance of creating more effective mutual trade  environment Head of Armenia`s State Revenue Committee, U.S. ambassador to Armenia  highlight importance of creating more effective mutual trade  environment 
Government`s economic policy success - minister Government`s economic policy success - minister 
Armenia`s public funds to meet CB-set requirements Armenia`s public funds to meet CB-set requirements 
What economic growth would Armenia record but for re-exportWhat economic growth would Armenia record but for re-export
IRI Chief Customs Officer: Iran`s largest share of exports within  EAEU belongs to Russia, Armenia and KazakhstanIRI Chief Customs Officer: Iran`s largest share of exports within  EAEU belongs to Russia, Armenia and Kazakhstan
Armenian interbank foreign exchange market inactive in first week of  2025Armenian interbank foreign exchange market inactive in first week of  2025
In Armenia, wine production decreased by 27.1% over 11 months, while  cognac production increased by 4.9%In Armenia, wine production decreased by 27.1% over 11 months, while  cognac production increased by 4.9%
By December 2024, the industrial sector saw an increase in its growth  rateBy December 2024, the industrial sector saw an increase in its growth  rate
In 2024, Armenia`s inflation rate  was 1.5%  In 2024, Armenia`s inflation rate  was 1.5%  
In Armenia, economic activity growth slowed down from 9.4% to 7.4% in  January-November 2024In Armenia, economic activity growth slowed down from 9.4% to 7.4% in  January-November 2024
Armenia`s unemployment rate rose from 12% to 13.3%  Armenia`s unemployment rate rose from 12% to 13.3%  
Armenia`s Trade Unions Head: Changes in working hours will not impact  the country`s economic growth Armenia`s Trade Unions Head: Changes in working hours will not impact  the country`s economic growth 
Armenia`s premier reports 400% increase in Armenia-EU passenger  traffic over last 7 yearsArmenia`s premier reports 400% increase in Armenia-EU passenger  traffic over last 7 years
Mayler company to invest AMD 12bln in Yegipatrush ski resort in 2025Mayler company to invest AMD 12bln in Yegipatrush ski resort in 2025
WB to help Armenia implement water programmeWB to help Armenia implement water programme
Overchuk: EAEU and EU are incompatible. Yerevan will have to make a  choiceOverchuk: EAEU and EU are incompatible. Yerevan will have to make a  choice
In January, Armenia will submit its proposed amendments to the  intergovernmental agreement on television broadcasting to the Russian  side In January, Armenia will submit its proposed amendments to the  intergovernmental agreement on television broadcasting to the Russian  side 
Mkhitar Hayrapetyan: The way Armenia uses satellite images does not  concern our Spanish partnersMkhitar Hayrapetyan: The way Armenia uses satellite images does not  concern our Spanish partners
In 2024, Syunik Airport operated 71 flights between Yerevan and KapanIn 2024, Syunik Airport operated 71 flights between Yerevan and Kapan
David Khudatyan on the construction of a nuclear power plant: We are  considering proposals not only from the Russian Federation and the  United States, but also from other countriesDavid Khudatyan on the construction of a nuclear power plant: We are  considering proposals not only from the Russian Federation and the  United States, but also from other countries
EIB to grant EUR 10.1mln to Armenia for energy efficiency programme  in Yerevan EIB to grant EUR 10.1mln to Armenia for energy efficiency programme  in Yerevan 
Sisian-Kajaran section of North-South project planned to be completed  by end of 2031 Sisian-Kajaran section of North-South project planned to be completed  by end of 2031 
Railway passenger traffic 4.6% up in Armenia in 2024Railway passenger traffic 4.6% up in Armenia in 2024
Luys Foundation: Following the results of 2024, Armenia`s economic  growth  may be below 5.8%Luys Foundation: Following the results of 2024, Armenia`s economic  growth  may be below 5.8%
Armenia`s State Treasury experienced a revenue loss of 224 bln AMD in  2024Armenia`s State Treasury experienced a revenue loss of 224 bln AMD in  2024
Cadastral map in Kirants changed: Suren Tovmasyan refrains from  commenting on delimitation commission`s actions Cadastral map in Kirants changed: Suren Tovmasyan refrains from  commenting on delimitation commission`s actions 
Housing transactions in Armenia increased by about 13%Housing transactions in Armenia increased by about 13%
Head of Cadastre Committee warns against unauthorized building  projects Head of Cadastre Committee warns against unauthorized building  projects 
Ardshinbank s Nominal Forest Has Been PlantedArdshinbank s Nominal Forest Has Been Planted
AMD 59bln subvention programmes implemented in Armenia in 2024AMD 59bln subvention programmes implemented in Armenia in 2024
UMI to equally cover all insured persons - bill UMI to equally cover all insured persons - bill 
EAEU major actor in international economic relations - RF MFA EAEU major actor in international economic relations - RF MFA 
12.5% of Lydian Armenia CJSC stock gifted to the RA Government12.5% of Lydian Armenia CJSC stock gifted to the RA Government
Certain activity in Armenia`s interbank foreign exchange market  during last week of 2024 Certain activity in Armenia`s interbank foreign exchange market  during last week of 2024 
May the Holiday Warm Hearts: Idram and IDBank Support the Children of HeroesMay the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes
Read more
Exchange rates
15.01.2025
RUB3.880.01
USD398.090.31
EUR410.312.27
GBP486.782.05
CAD277.530.93
JPY25.390.19
CNY54.300.04
CHF436.652.44