Ruble devaluation can cause problems

Ruble devaluation and the events in Ukraine can have negative influences on Armenian economy, thinks the RA Economics Minister Vahram Avanesyan.

Today after the Government session in the meeting with the journalists the Minister noted that there are several major problems.

According to him, in case of ruble devaluation we will get less transfers and at the same time there may be difficulties with exportation, “Ruble devaluation doesn’t contribute the exportation but vice versa.”

And to the question whether Armenia would change economic policy, the Minister of Economics answered, “If the situation is short-term, we can’t do major changes in the policy, if it is long-term problem, we must look through the economic policy change issue,”- he summed up.