Back to Top

Armenia ex-PM: Fantastic opportunities amid Russian sanctions

panarmenian.net06/9th/2023, 9:12

Armenia ex-PM: Fantastic opportunities amid Russian sanctions

June 9, 2023 - 13:11 AMT

PanARMENIAN.Net - Deputy Chairman of the Board of the Eurasian Development Bank, ex-Prime Minister of Armenia Tigran Sargsyan believes that the risk of pressure on Armenia from the West amid anti-Russian sanctions has existed and continues to exist. However, he claims, the situation has created fantastic opportunities for Armenia.

The U.S. Department of State sanctions coordinator James O'Brien said that Turkey, Kazakhstan, Georgia, the United Arab Emirates and Armenia are helping Russia bypass all the sanctions. By the beginning of this year, Russia was able to import certain key categories of electronics at roughly pre-war levels, according to the U.S. official.

Sargsyan said in an interview with Sputnik Armenia and Alfa news on Thursday, June 8 such a risk existed even at the peak of anti-Iranian sanctions. However, he reminded, Iran is Armenia's closest neighbor, and Yerevan has never cut off economic ties with it, despite the sanctions. The development of economic cooperation proceeds from the interests of Armenia, he said.

According to him, the same principle is true now, in the light of restrictions on the Russian economy.

"Armenia must do every...

Read full story


Temp {{currentData.temp}}℃
Wind {{currentData.wind}}km/h
Humidity {{currentData.humidity}}
  • Yerevan
  • Abovyan
  • Tsaghkadzor
  • Sevan
  • Gyumri
  • Ejmiatsin
  • Dilijan
  • Vanadzor
  • Ashtarak
7 Day Forecast

Exchange rates

more rates
Already available
Back to Top