The number of our migrant workers to Russia has dropped considerably. Martin Galstyan, Governor of the Central Bank of Armenia (CBA), announced this at a press conference Tuesday.

"Because the difference in wages, in real terms that we have with Russia, has narrowed quite a bit. They get paid there in Russian rubles, the exchange rate of which is quite high. When you convert to Armenian drams, they get about the same wages, a little higher than what they can get here in the construction or other domains. In that sense, it can be said [that] we inadvertently have protected ourselves to a certain extent because not so many people go, find work here. But if negative processes take place in the Russian market, naturally, its impact on Armenia's economy will also be negative," added the CBA chief.