An increase in the price of Russian gas could lead to serious consequences for the Armenian economy, said Doctor of Economic Sciences Karen Adontas. In order to reduce external risks, it is necessary to reconsider the structure of the economy, which is based on construction, the service sector, the flow of deportees and an increase in external debt. We actually have no industry other than manufacturing. We do not manufacture or export industrial products. I'm not even talking about mechanical engineering and other complex industries. We are talking about simple consumer products, the textile industry, and the production of chemical yarns. Duty Officer for Transcaucasia.

An increase in the price of Russian gas could lead to serious consequences for the Armenian economy, said Doctor of Economic Sciences Karen Adontas. In order to reduce external risks, it is necessary to reconsider the structure of the economy, which is based on construction, the service sector, the flow of deportees and an increase in external debt. We actually have no industry other than manufacturing. We do not manufacture or export industrial products. I'm not even talking about mechanical engineering and other complex industries. We are talking about simple consumer products, the textile industry, and the production of chemical yarns. Duty Officer for Transcaucasia.