Iran sanctions may negatively affect Armenian production![]() November 6, 2012 - 15:09 AMT PanARMENIAN.Net - Iran has halted the export of about 52 products, resulting in suspension of polymeric raw material supply to Armenia for the past two weeks, which may have negative consequences for the country’s agriculture sector and processing industry. Meanwhile, organizing the export of these products from other countries will take about 30-40 days, which may result in price rise. The Union of Manufacturers and Businessmen (Employers) of Armenia (UMB(E)A) addressed Prime Minster Tigran Sargsyan with a request to help solve the problem. Partner news “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann. Partner news |