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U.S. STATE DEPARTMENT REFLECTS ON ARMENIAN DRAM'S DEPRECIATION
14:00, 18 December, 2014
YEREVAN, DECEMBER 18, ARMENPRESS. The economic situation in Russia
that may be impacting neighbors is not solely related to sanctions.
It's more complicated and it involves other issues. As reports
"Armenpress" the U.S. Department of State Spokesperson Jen Psaki
stated this at the course of daily press briefing held on December
18 in Washington, DC answering the question raised by Voice of America.
The reporter stated: "The United States signaled earlier this week
that it might increase the economic pressure with more sanctions
targeting defense, energy, and banking. This - but the sanctions on
Russia are having an impact on other countries too, smaller countries
such as Armenia, which has good relations with the United States, and
the depreciation of the Armenian dram has accelerated this week. So my
question is: Is there a policy or approach to help those countries that
are or may be suffering because of the U.S. actions against Russia?"
In this regard, Jen Psaki noted: "Well, I think any country should look
at the decisions and the policies of Russia as it relates to that. I
would also say the economic situation in Russia that may be impacting
neighbors is not solely related to sanctions. It's more complicated and
it involves other issues. Oil prices and general economic mismanagement
in Russia play significant roles. The lack of economic diversification
and development of innovation and entrepreneurship over the past
decade all play roles. And so these are all factors that have led to
some of the economic challenges that Russia is experiencing.
http://armenpress.am/eng/news/788345/us-state-department-reflects-on-armenian-drams-depreciation.html
14:00, 18 December, 2014
YEREVAN, DECEMBER 18, ARMENPRESS. The economic situation in Russia
that may be impacting neighbors is not solely related to sanctions.
It's more complicated and it involves other issues. As reports
"Armenpress" the U.S. Department of State Spokesperson Jen Psaki
stated this at the course of daily press briefing held on December
18 in Washington, DC answering the question raised by Voice of America.
The reporter stated: "The United States signaled earlier this week
that it might increase the economic pressure with more sanctions
targeting defense, energy, and banking. This - but the sanctions on
Russia are having an impact on other countries too, smaller countries
such as Armenia, which has good relations with the United States, and
the depreciation of the Armenian dram has accelerated this week. So my
question is: Is there a policy or approach to help those countries that
are or may be suffering because of the U.S. actions against Russia?"
In this regard, Jen Psaki noted: "Well, I think any country should look
at the decisions and the policies of Russia as it relates to that. I
would also say the economic situation in Russia that may be impacting
neighbors is not solely related to sanctions. It's more complicated and
it involves other issues. Oil prices and general economic mismanagement
in Russia play significant roles. The lack of economic diversification
and development of innovation and entrepreneurship over the past
decade all play roles. And so these are all factors that have led to
some of the economic challenges that Russia is experiencing.
http://armenpress.am/eng/news/788345/us-state-department-reflects-on-armenian-drams-depreciation.html