At its  Cabinet session Thursday, the government made a decision to apply a temporary ban on the export of a number of goods from Armenia to countries that are not members of the Eurasian Economic Union.

The respective draft decision bans the export of a number of agricultural products—including wheat, meslin, barley, corn, buckwheat, sunflower seed, and vegetable oil—for a period of six months.

The decision is aimed at ensuring the food security and economic stabilization of Armenia.

The domestic production in terms of the aforementioned products does not meet the demand of the Armenian market, which is ensured mainly by imports.

The ban set by this decision, however, will not apply to goods imported to Armenia and exported from the country under the "re-export" customs procedure.

According to the decision of December 22, 2022, a six-month export ban was set, which will end on Sunday. According to the draft of this decision, it is proposed to extend this export ban for another six months.

The exports from Armenia to third countries are either absent or insignificant in term of the aforesaid products, and the adoption of this decision will not have a considerable impact on the agricultural producers of Armenia.