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RUSSIA TO REDUCE INFLUENCE ON ARMENIAN ECONOMY - EXPERT
15:04 * 17.12.14
http://www.tert.am/en/news/2014/12/17/ashot/1538578
Armenia's econonomy is in a state of crisis today, a specialist has
said, attributing the situation to a weaker influence by Russia and
the country's choice to join the Eurasian Economic Union.
Ashot Yeghiazaryan, who is a doctor in economy, attributes the
current situation to lowered private transfers from the Russian
Federation and the continuing decline in the Rouble's value. "So,
the transfers have decreased in both content and physical volume,"
he told reporters on Wednesday.
The expert said he thinks that the situation will continue, reducing
the transfers to a minimum. "Besides, the Russian companies will
gradually relax influence on the Armenian market, including the energy
sector, natural gas and mobile communications. Those companies see
their potentials shrink in foreign countries. So they will no longer
be able to make investments," Yeghiazaryan added.
The economist said he sees that the Russian natural gas exporter
Gazprom is losing power as a major stake holder on the international
market. "Russia's influence on Armenia's economy will decrease, with
the market will gradually losing interest for the Armenian exporters,"
he noted.
Armenia's best choice, according to him, would be avoiding membership
in the Russia-led economic bloc. All depends on how long Russia will
resist and how long Armenia will wait or avoid any revolt," he said,
stressing the importance of establishing closer ties with Georgia
and Iran.
"Armenia, after all, also needs cooperation to get rid of Russian
dependence. So it has to integrate into another area. But Armenia
cannot, as it maintains binding relations with Russia, preventing
the country from making the right steps," he added.
15:04 * 17.12.14
http://www.tert.am/en/news/2014/12/17/ashot/1538578
Armenia's econonomy is in a state of crisis today, a specialist has
said, attributing the situation to a weaker influence by Russia and
the country's choice to join the Eurasian Economic Union.
Ashot Yeghiazaryan, who is a doctor in economy, attributes the
current situation to lowered private transfers from the Russian
Federation and the continuing decline in the Rouble's value. "So,
the transfers have decreased in both content and physical volume,"
he told reporters on Wednesday.
The expert said he thinks that the situation will continue, reducing
the transfers to a minimum. "Besides, the Russian companies will
gradually relax influence on the Armenian market, including the energy
sector, natural gas and mobile communications. Those companies see
their potentials shrink in foreign countries. So they will no longer
be able to make investments," Yeghiazaryan added.
The economist said he sees that the Russian natural gas exporter
Gazprom is losing power as a major stake holder on the international
market. "Russia's influence on Armenia's economy will decrease, with
the market will gradually losing interest for the Armenian exporters,"
he noted.
Armenia's best choice, according to him, would be avoiding membership
in the Russia-led economic bloc. All depends on how long Russia will
resist and how long Armenia will wait or avoid any revolt," he said,
stressing the importance of establishing closer ties with Georgia
and Iran.
"Armenia, after all, also needs cooperation to get rid of Russian
dependence. So it has to integrate into another area. But Armenia
cannot, as it maintains binding relations with Russia, preventing
the country from making the right steps," he added.