YEREVAN. – Importing diesel fuel from Russia will become profitable for Armenia within the Customs Union.

Barsegh Beglaryan, proprietor of Armenia’s Flesh Company which imports oil, told the aforesaid to Armenian News-NEWS.am.  

“Importing fuel will become profitable for Armenia at the very least; it is primarily Russian at us. It means the tax rates will disappear,” Beglaryan stated.  

As for gasoline, Armenia imports it from European Union member states.

“We have not yet shown an interest toward Russian gasoline and we don’t know whether its quality is similar to that of the European one. But if the price and quality correspond, we are ready to pay attention.

“Overall, Customs Union accession will reduce the value of imports, and this is beneficial for Armenia,” Barsegh Beglaryan stated.

To note, following the talks that were held on September 3 in Moscow between Armenian and Russian Presidents Serzh Sargsyan and Vladimir Putin, Sargsyan had announced that Armenia plans to join the Customs Union and subsequently engage in the formation of the Eurasian Economic Union. Aside from Russia, Belarus and Kazakhstan likewise are members in the Customs Union. And in response to this development, the European Union had stated that the signing of the Armenia-EU Association Agreement and the Deep and Comprehensive Free Trade Area agreement is now doubtful.