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Armenia's involvement in Eurasian Economic Union does not look too promising
by Arthur Yernjakyan
ARMINFO
Saturday, January 24, 15:28
Armenia's involvement in the Eurasian Economic Union does not look too
promising as it will curb foreign investments, MP Armen Martirosyan
told journalists on Saturday.
He said that the crisis in Russia will cause a crisis in Armenia.
"With current oil prices, Russia's stabilization fund will shortly
end. The Eurasian Economic Union will hardly help Armenia to develop.
It is not an efficient structure and will hardly be considering the
plans of Kazakhstan and Belarus to more actively trade with Asia and
the West," Martirosyan said.
MP Artsvik Minasyan said that Armenia's economy would decline no
matter if it joined the EEU or not as it is closely related to the
Russian economy. "Our problem is that we have no institutions
protecting foreign investments and human rights and this is the key
factor that deters foreign investments," Minasyan said.
From: A. Papazian
by Arthur Yernjakyan
ARMINFO
Saturday, January 24, 15:28
Armenia's involvement in the Eurasian Economic Union does not look too
promising as it will curb foreign investments, MP Armen Martirosyan
told journalists on Saturday.
He said that the crisis in Russia will cause a crisis in Armenia.
"With current oil prices, Russia's stabilization fund will shortly
end. The Eurasian Economic Union will hardly help Armenia to develop.
It is not an efficient structure and will hardly be considering the
plans of Kazakhstan and Belarus to more actively trade with Asia and
the West," Martirosyan said.
MP Artsvik Minasyan said that Armenia's economy would decline no
matter if it joined the EEU or not as it is closely related to the
Russian economy. "Our problem is that we have no institutions
protecting foreign investments and human rights and this is the key
factor that deters foreign investments," Minasyan said.
From: A. Papazian