YEREVAN, July 29. /ARKA/. The potential escalation of tensions between Armenia and Russia may negatively affect not only trade but also the socio-economic situation in the republic as a whole, said Armine Manukyan, senior economist at the World Bank (WB):
According to her, the World Bank currently does not have a quantitative assessment of the potential impact of deteriorating Armenian-Russian relations on Armenia's economic growth rates:
"The situation continues to evolve and changes almost daily. It is possible that when preparing the next forecast, we will be able to assess this impact, but at the moment it is impossible to name a specific figure," Manukyan said:
Among other negative factors for the Armenian economy, Manukyan mentioned the possible indirect consequences of the prolonged conflict in the Middle East:
According to her, they may manifest in disruptions of trade routes and interruptions in the supply of certain goods:
Additional risks may arise from domestic political tensions, the economist noted:
Positive influences on Armenia's economy, according to Manukyan, may come from the normalization of relations with neighboring countries and deepening regional interconnectedness:
She also referred to new commitments from the United States and the European Union in the field of strategic investments:
These factors may contribute to improving the investment environment, attracting additional investments, and increasing the resilience of the economy:
According to the state budget for 2026, economic growth in Armenia is projected at 5.4%:
