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Armenia Severely Affected by Western Sanctions against Iran

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  • Armenia Severely Affected by Western Sanctions against Iran

    FARS News Agency, Iran
    November 17, 2012 Saturday


    Armenia Severely Affected by Western Sanctions against Iran



    TEHRAN (FNA)- The western sanctions against Iran have had dire
    consequences for Armenia, including an acute shortage of food and
    agricultural products in the country, the Armenian media said.

    According to a report by the Armenian MIR TV, the western sanctions
    have caused a halt in the supply of polymeric raw material from Iran
    to Armenia for the past two weeks, which entails negative consequences
    for the country's agricultural sector and processing industry.

    The report also said that tens of companies and factories in Armenia
    were shut down due to the shortage of raw materials which were
    imported from Iran. Meanwhile, exporting these products from other
    countries will take about 30-40 days, which will likely result in a
    hike in prices and lower quality.

    Also, Armenia is faced with a shortage of sulfuric acid and caustic
    materials used for water purification due to the western sanctions
    against Iran, added the report.

    The Union of Manufacturers and Businessmen (Employers) of Armenia
    (UMBEA) has addressed Prime Minster Tigran Sargsyan with a request to
    help resolve the problem, it said.

    In recent years, Iran and its Northern neighbor Armenia have boosted
    cooperation, signed agreements on energy cooperation and agreed to
    cooperate in technology and research and to enhance ties in commerce
    and economy.

    Iranian President Mahmoud Ahmadinejad and his Armenian counterpart
    pledged in December 2011 to further expand "high-level relations"
    between their nations and, in particular, give new impetus to the
    implementation of joint energy projects that have fallen behind
    schedule.

    In early October, Iranian Foreign Minister Ali Akbar Salehi and his
    Armenian counterpart Edward Nalbandian met at the UN Headquarters in
    New York to discuss bilateral ties and regional and international
    issues.




    From: A. Papazian
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