Armenia mulls extending embargo on Turkish goodsMarch 22, 2021 - 18:07 AMT PanARMENIAN.Net - The Armenian authorities are considering extending the ban on Turkish goods, Deputy Minister of Economy Avag Avanesyan told reporters on Monday, March 22. Avanesyan said if the measure is approved, the ban will be valid for another six months, based on the regulations of the EAEU, Sputnik Armenia reports. "At the moment, it is hard to assess the damage caused by the embargo to the economy of our country. In any event, we are not seeing catastrophic consequences. In addition, the impact of the coronavirus epidemic is so great that it eliminates the impact of other factors," the Deputy Economy Minister said. According to him, the goods that are no longer imported from Turkey can either potentially be produced in Armenia or exported from other countries at more favorable tariffs. He said the Ministry of Economy is studying the market and is in touch with the private sector. Avanesyan also noted that investments into the country's economy were negatively affected by the pandemic and the war. At the moment, a number of investment programs are under discussion, he added. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |