Minister: Coronavirus situation will have economic consequences in  Armenia

ArmInfo. In Armenia, the situation with coronavirus will have economic consequences. Minister of Economy of the Republic of Armenia Tigran Khachatryan stated this  to journalists on March 12. To recall, in Armenia cases of infection  of 4 persons with a new type of coronavirus were officially  confirmed, a total of 57 people were isolated.

As Khachatryan noted, in the situation with coronavirus, the issue of  protecting the health of the population is of paramount importance to  the Government of the Republic of Armenia, and the Ministry of  Healthcare of the Republic regularly provides relevant information.  He stressed that, of course, coronavirus will have economic  consequences for the country, including in terms of tourism.  Meanwhile, relevant assessments of the damage done have not yet been  carried out, since the focus is currently on anti-epidemiological  measures. Economic aspects, he said, will be assessed after the  threat of coronavirus to the population recedes. In this case, issues  of mitigating the negative impact on the economy will be discussed,  and appropriate measures will be taken.  As for the impact of the  depreciation of the Russian ruble on Armenia, here, taking into  account the emerging positive dynamics, in the short term, Armenian  producers and exporters should not expect unexpected consequences due  to drastic changes. "This is a preliminary assessment, and we still  need to understand the prospects for the development of the  situation," Khachatryan noted. As the Air Force previously reported,  the OPEC + Alliance of Oil-Producing States, which has held oil  prices for the past three years, has broken up. As a result, oil  prices fell from $ 50 to $ 35 per barrel, which also hit the Russian  currency.