Economist: Armenia must slow down Customs Union accession because of
US sanctions

March 22, 2014 | 14:09

YEREVAN. – Armenia’s integration into Customs Union must be slowed
down as much as possible, Chairman of Armenia’s Union of Employers
said.

Gagik Makaryan said Russia must be informed that, because of its
conflicts, in particular in Ukraine, Armenia’s economy is losing
donors.

He believes there are no prerequisites for weakening of U.S. sanctions
against Russia, vice verse.

Russia’s economic slump is fraught with loss of jobs for majority of
Armenian migrant workers in Russia. They will stay at home, and
unemployment rate will rise.

Photo by Arsen Sargsyan/NEWS.am

News from Armenia – NEWS.am