Armenia is Doing Everything to Avoid Secondary Sanctions: Kerobyan

Armenia is doing everything to ensure that both the country and the companies operating within its borders do not fall under secondary sanctions, as this could be very painful for the economy. Minister of Economy Vahan Kerobyan stated this during a public broadcast, addressing concerns about the risks of falling under sanctions from the West.

The discussion centers around the danger of Armenia being used as a transit route for exports to the Russian Federation.

“With the tools we have, we are trying to keep our companies safe from the risk of falling under secondary sanctions,” Kerobyan said. “Trade in the EAEU context is free. Naturally, we cannot impose certain restrictions by violating EAEU agreements,” he noted.

Speaking about the “Dry Port” project, Kerobyan mentioned that processes are progressing, and the project is now at the stage of in-depth economic analysis. “We have already selected a winner for that phase. It is a Dutch company with significant expertise, which in the next three months will provide us with justifications and show how to properly operate the Dry Port in Gyumri,” he said.