The authorities have created a crisis in Armenia's economy, particularly for the export of agricultural products, and now they are 'heroically' fighting against its consequences. They are distributing money from the state budget to mitigate the effects of the crisis they have caused. On one hand, they are providing subsidies for exports and compensations for transportation costs, while on the other hand, they are deferring the credit obligations of greenhouse owners and intensive orchardists.
Deferring credit obligations also costs money, and that money is again paid by the state budget.
Another question is why they decided to defer only the credit obligations of 20 greenhouse owners when everyone is suffering losses. Perhaps there are trends or interests at play here.
The funds that should have gone to address issues in education, defense, social sectors, and the implementation of economic programs have been redirected to compensate for the damage done to the economy. We are talking not about small amounts, but millions of dollars, which are far from compensating for the enormous losses that Armenia's economy is currently facing due to difficulties and restrictions in exporting to the Russian market.
Armenian products have faced export issues to the Russian market before. There have been partial cases, but such widespread restrictions have never occurred before. As a result, farmers, producers of agricultural products, and exporters are suffering.
How long this situation will continue, the authorities do not dare to say. But the longer it lasts, the greater the damage to the economy will be. Despite the announced compensations, they will never be able to cover all the losses that the economy incurs day by day and will continue to incur until the problems are resolved and the lost market is restored.
