YEREVAN. – Unlike other Eurasian Economic Union (EAEU) member countries, Armenia is more vulnerable in terms of energy resources, Armenian economist and former MP Vardan Bostanjyan noted at a press conference on Monday.

In his view, it is natural that the Gazprom Armenia natural gas company is among the top taxpayers of the country.

“For that reason, the only way for ensuring the country’s financial resources is raising the electrical energy tariff,” said Bostanjyan. “But we know where that money goes.”

In the economist’s words, the gas and electricity situation is not that satisfactory also in the other EAEU countries—i.e. Russia, Belarus, Kazakhstan, and Kyrgyzstan.

“All member countries of the organization have amount deficit in the state budget,” added Vardan Bostanjyan. “This is linked to pilfering and inefficient expenditure.”