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YEREVAN. – German Ambassador to Armenia does not think that EU sanctions against Russia will affect Armenia.

It is difficult to imagine the impact on Armenia, as the sanctions were targeted against Russia, Reiner Morell said on Wednesday.

Ambassador said it is difficult to say what economic consequences may face after joining Eurasian Economic Union.

“Even experts find it difficult to answer this question. In any event, Europe will preserve trade ties with Armenia. We should wait and see whether the prices for certain goods will increase, but I think there will be no drastic changes,” he added.

The diplomat reminded of Vladimir Putin's reciprocal sanctions, in particular on agriculture.

“I think that this will open up new prospects for Armenia's economy especially on agriculture sector,” he added.

 

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