Armenia is Studying Possible Impact of U.S Sanctions Against Russia on its Economy

Asked to comment on the possible impact of a new round of U.S sanctions against the Russian Federation on Armenia’s economy, economic development and investments minister Suren Karayan said a relevant study was being conducted now.

“I would not like to talk about specific figures until we have the results of the study,” the minister added. In comments on journalists’ statement that sanctions target mainly Russia’s energy sector, Karayan noted that the sanctions are not new. “Our economy has already adapted to them, and at the moment I see no reason for much concern,” the minister stressed.

In late July, the U.S House of Representatives approved a new round of sanctions against individuals and some sectors or the Russian economy, designed to punish Russia “for violating the territorial integrity of Ukraine and the annexation of Crimea, blatant cyber attacks and interference in U.S presidential elections, as well as for ongoing aggression in Syria,” as was stated by U.S legislators.

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