PanARMENIAN.Net - The departure of Russian nationals (who arrived in Armenia after Russia launched a war against Ukraine in February 2022) may result in 5-10% decline in Armenia’s GDP, according to Alexei Kuznetsov, head of the Centre for Country Analysis at the Eurasian Development Bank (EDB), Arka.am reports.
Armenian Economy Minister Vahan Kerobyan said earlier that more than 110,000 Russian nationals have relocated to Armenia since 2022 February.
Speaking to reporters on the sidelines of the Eurasian Congress 2023 in Russian Sochi, Kuznetsov said neither Armenia, nor any other country had faced such a thing (relocation of thousands of foreign nationals) in the past and no one expected that it would have such an effect on economic indexes.
He added, however, that the factor of uncertainty persists because it is hard to tell now exactly what will happen if the Russians leave as quickly as they arrived.
According to...
