Membership in the EEU provides Armenia with annual economic growth of 1.5%, Sergei Sinelnikov-Murylev, the President of Russian Academy of Foreign Trade of Russian Ministry of Economic Development and Trade, told reporters.

He spoke about the research results for the EAEU countries, prepared by the Academy.

The rector noted that Armenia was able to achieve such an effect even despite the fact that, unlike other EAEU countries, it has no common borders with Russia.

This effect also creates growth in production and exports, and ensures the creation of new jobs. The simplification of procedures, as well as mutual trade, largely contributes to this, Sinelnikov-Murylev noted.

So, the less procedures, the less expenses for business. And both materially and temporally. This, according to the expert, helps business to free up funds that can be invested in business.