“We don’t have any expectations of growth in the EEU by 2020” (video)
Being a member of the Eurasian Economic Union (EEU) Armenia, in reality, cooperates not with five but only with one state. “I consider the EEU to be Armenia-Russia format cooperation,” noted economist Vilen Khachatryan. The turnover indicators between the EEU member states are almost equal to zero. The biggest EEU partner for Armenia in terms of exportation volumes is Russia. That indicator has grown from 10.5 percent to 18 percent in the exports volume of our country. On the other hand, a number of problems in Russia have their direct impact on our country. “There are sanctions used against Russia, oil prices, which are enough so that the positive impulse coming from Russia disappear for us,” said Mr Khachatryan. Economist Tatul Manaseryan has another opinion. The recent Eurasian Intergovernmental session held in Yerevan inspired him, “Armenia gets a chance during the tenure of Tigran Sargsyan, who is aware of all the nuances of Armenia’s economy, to try to implement such projects, which can be more beneficial for our country.” Vilen Khachatryan recalls the prediction of the International Monetary Fund, “We don’t have any expectations of serious growth from those countries in the frames of the EEU by 2020.” Watch the video for more details!
