YEREVAN. - The possibilities of exporting goods from Armenia to Russia are limited and have currently reached their possible maximum.

Armenian economist Ashot Yeghiazaryan told the aforementioned to Armenian News – NEWS.am, commenting on the Armenian President Serzh Sargsyan’s statement in Moscow on that the export of goods from Armenia to Russia grew actually 90 percent in the first six months of the current year, reaching its historic maximum in a quarter.

According to the economist, the index of 90 percent growth is conditioned not only by Armenia’s EAEU membership: a number of factors have influenced the export growth.

“I think there are several factors here: ruble stabilization, which I think has to do with the legalization of a certain amount of shadow turnover. Besides, most probably the goods of other countries have also been exported to Russia via the territory of Armenia; this shouldn’t be ruled out either,’ Yeghiazaryan said.

In his words, the possibilities of exporting goods from Armenia to Russia are limited, there actually being no resources at the moment for expanding in that direction.

“When we analyze the export structure in Russia’s direction, we see that brandy, water, fruit and canned food make up the most part there. This is the production which is based on a limited use of resources. All in all, Armenia’s resources are limited in terms of agricultural raw materials.  Considering that Armenia has no agricultural manufacturing, which also can’t exist in the framework of the EAEU, I think in the recent years we have reached the maximum of what we can export to Russia and EAEU states.  The economic conditions created in Armenia today, don’t allow our country to have compatible goods, as well as improve and diversify its export,” Yeghiazaryan said.