By Smbat Grigoryan

The current oil prices as well as the Russian ruble’s fluctuations against the US dollar are often represented as a commotion that could change the development of events in this domain.

But it is the long-term trends that show the real development. 

The considerable weakening of the ruble has led to an increase in the prices of goods imported to Russia, including those that are exported from Armenia. 

The more severe problems for Armenia, however, are linked to the substantial drop in private remittances from Russia.