YEREVAN. – Due to the fall in the exchange rate of the Russian Federation (RF) ruble, the reduction in exports from the Republic of Armenia (RA) has caused a disastrous state especially for the small and medium-sized entrepreneurs of the country, Zhamanak daily reported.

“Especially the alcoholic beverage—wine, brandy—producers, whose main sales market is the RF, have stopped production for the past several months, and they are desperately seeking ways to sell the accumulated products. 

“The entrepreneurs are waiting for the ruble exchange rate to rise. Otherwise, as they told Zhamanak yesterday [i.e. Friday], they are forced to close the factories,” Zhamanak wrote.