YEREVAN. – The decline in the exchange rate of the Russian ruble should be viewed from two perspectives. First, the sanctions against Russia, and second, the euro-dollar ratio where the United States dollar is gaining strength.

Non-pro-government Prosperous Armenia Party National Assembly (PAP NA) Faction member, economist Mikayel Melkumyan told the abovementioned to Armenian News-NEWS.am.

Melkumyan stressed that the devaluation of the Russian national currency affects the economy of Armenia, too, and the negative impact is that the remittances from Russia will reduce.

As for the claim that the sanctions against Russia are a good opportunity for Armenian companies to capture the Russian market, the PAP MP stated that the Russian market is stable and very large, and the present-day situation may contribute to the free movement of capital.

But on the other hand, as per Melkumyan, the Armenian agriculture companies cannot export a respective large volume of products, the volume needs to be increased, and additional resources are required to carry this out. But according to the PAP NA faction member, the problem is finding these resources because the banks in Armenia offer loans at high interest rates.