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YEREVAN. – The fiscal maneuver of Russia will not be a big problem for Armenia’s exports, said Vardan Aramyan, Minister of Finance of Armenia, speaking to Armenian 

In his words, the likely decision to increase the VAT in Russia may lead to a rise in the prices of goods, and a reduction in consumption in the country.

“However, our [Armenia’s] exports are so small with Russian standards that, in case of correct introduction of goods, we forever will remain in the Russian market,” added Aramyan.

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