Official: Opening of Armenian-Turkish border not on the table![]() April 29, 2021 - 14:50 AMT PanARMENIAN.Net - Armenia's Acting Minister of Economy Vahan Kerobyan has said the opening of the border with Turkey is not on the table. Kerobyan said Thursday, April 29 that the country is going to extend the embargo on the import of Turkish-made products. "We will most probably introduce a ban on the sale [of Turkish products] as well, regardless of when those goods have been imported to the country," Kerobyan said, according to Aysor.am. "When a political decision is made to restore symmetrical relations, we will try to make sure that our economy is protected from being flooded with Turkish goods as much as possible." Armenia first banned the import of Turkish products in 2020, in light of Turkey's overt military and political support for Azerbaijan during the latter's aggression against Artsakh (Nagorno-Karabakh). ![]() ![]() Armenia's international reserves amounted to $3.5 billion, according to a report from the country's Central Bank. Trade between Armenian and Iranian increased by 43.5% in the first 10 months of 2022, rising from $390 million to around $560 million. There’s a growing demand for Armenian sprits in Russia amid Western sanctions on the supply of alcohol to the country. According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed ![]() ![]() Partner news | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |