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March 28
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YEREVAN. – The weakening of the Russian ruble and the situation around Ukraine can affect Armenia's economy, Deputy Economy Minister Vahram Avanesyan told reporters after government's session on Thursday.

Basically, he cited the risks associated with the Russian ruble.

“The first potential security risk is decline in real value of private transfers, the second is lower revenues of Armenian exporters to Russia. Financial performance of Russian banks operating in Armenia may change. But the situation still is not lasting long enough so as we could talk about sustainable dangers and threats,” he said.

In November the exchange rate made around 32.6 rubles for one dollar, now it is 36.1 rubles.

 

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