Economist: Sanctions against Russia will affect Armenia
Russia’s gold reserves enable it to withstand the sanctions and the Russian economy will feel the negative impact of the sanctions if the oil prices fall below $60 per barrel, economist Ashot Tarverdyan told reporters on Saturday.
In his words, Armenia would be affected by the sanctions against Russia even if it did not join the Eurasian Economic Union (EEU) since the two countries’ economies are interrelated.
The economist added that the worsening of the economic situation in Russia will also have an impact on the amount of remittances sent from Russia to Armenia.