Haykaz Fanyan, the director of the consulting company "Modex," stated that the new restrictions imposed by Russia on Armenian products confirm that the "wait-out" strategy did not work:
He mentioned that during the pre-election period, when Russia banned the entry of Armenian goods into its market, he believed that the situation would stabilize in the post-election period. However, due to the new restrictions, the export of Armenian dairy products could suffer by an additional $7-8 million:
Fanyan suggests creating a multidisciplinary working group that would include experts from both the public and private sectors to develop alternative strategies:
He also emphasized that there is significant room for improvement in food safety capabilities and proposed reaching out to the EU for support.
