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Russian transfers to Armenia drop as Western sanctions continue

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  • Russian transfers to Armenia drop as Western sanctions continue

    168 Zham: Russian transfers to Armenia drop as Western sanctions continue

    10:38 * 04.09.14


    Armenia's budget sees a continuing decrease in the money transfers
    from Russia in the wake of the western powers' sanctions against the
    country.

    Citing the Central Bank, the paper says that the total transfers
    amounted to $168,737 in July, $11.9 million less compared to the same
    period of last year.

    The paper notes that the difference is almost twice higher in
    comparison with June.

    In the meantime, bank transfers by physical entities dropped by about
    $9 million to $194,744, says the paper, adding that remittances from
    the United States have increased instead by $2.4 million (amounting to
    $ 9,724,000).


    Armenian News - Tert.am

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