The consequences of the unrest the Arab world is experiencing will be extremely important for Armenia and the whole region, Director of Caucasus institute Alexander Iskandaryan told a press conference on March 4.

According to him, the present oil prices will affect Russia, Armenia and Iran. “This will affect the region both economically and geopolitically, because European gas supply projects and energy resources from Algeria are at least at risk. This will lead to a change of European policy towards Russia and Turkey,” he noted.

As reported previously, a wave of unrest is continuing to spread across the Arab world following the uprisings in Tunisia and Egypt, Algeria, Bahrain, Yemen and Libya.