Armenia’s economy will not be badly shocked by the United States’ new anti-Russian sanctions, says Vardan Aramyan, Minister of Finance of RA.

He doesn’t think that impacts on the Armenian economy will be as strong as in late 2014, since the Russian economy is accustomed to sanctions and their tightening will bring no new shocks. This means they will not produce a blowback effect in Armenia in terms of transfers and demand for Armenian goods.

A relative stability seen in forex market now gives grounds to the minister for ruling out strong shocks.

He notes that the ruble shed but slightly, i.e. markets and business entities reacted not aggressively to the new sanctions. The previous time the ruble reacted more painfully to things – it soured from 29 rubles per one dollar to about 80 rubles.

Source: arka.am