Armenia mulls joining Russia-led trading bloc
Many Armenians worry membership of the Eurasian Economic Custom Union would lead to higher prices for European imports.
Published On 16 Aug 2014
The government of Armenia is considering joining the Russia-backed trading bloc, the Eurasian Economic Custom Union, leaving many Armenians worried over possible price rices.
If it does join the bloc – which currently includes Russia, Kazakhstan, and Belarus – Armenia said it would continue to allow imports from the US and the EU.
The country’s largest trading partner is the EU, but Armenia backed out of talks to join the union last year.
Al Jazeera’s Robin Forestier-Walker reports from Yerevan.
Source: Al Jazeera