Your trusted source

“All negative trends in Russian economy have apparently negative impact on all neighboring states to Russia,” Deputy Foreign Minister of Armenia Shavarsh Kocharyan told reporters at a briefing with reporters on Thursday.
In Kocharyan’s words, the Eurasian Economic Union (EAEU) member state Armenia, Azerbaijan which is not a party to the economic bloc as well as Georgia with its EU aspirations are not exception to that rule.

“It is evident that countries that are dependent the most on Russia in different forms, including through labour force, economic relations, purchase and sale of goods, transfers are subsequently influenced by changes in Russian economy,” Kocharyan explained. 

In this regard, the deputy minister pointed to Armenia’s foreign economic policy, which is based on deepening ties, creating new links with targeted states.

Reacting to the recent proposal by “Yelk” opposition alliance to initiate a debate over Armenia’s exit from the EAEU, Kocharyan said Armenia had always valued the economic component in its relations with other countries.

“It is an issue of national security. Our country looks to develop relations out of its own interests. In this regard, it is important to strengthen what we have and expand that through new ties,” the deputy minister added.