Armenian Prime Minister Hovik Abrahamyan's offer to the Eurasian Economic Union (EEU) countries to switch to RUR settlements when trading strategic goods needs to be seriously analyzed, Manvel Badeyan, member of the ruling Republican Party of Armenia (RPA), said at today's press conference in Yerevan.
He thinks that the idea to switch to RUR settlements is acceptable to him, however, he thinks there are no resources allowing Russia to strengthen RUR against EUR and USD. At the same time, the MP considers import of goods from Russia to be beneficial. "Certainly, it is better for us to make the gas and oil derivatives settlements in Russian rubles, however, it will seriously affect the exporters," said Badeyan.
To note, Armenian Prime Minister Hovik Abrahamyan offers the Eurasian Economic Union (EEU) countries to switch to RUR settlements when trading strategic goods without being bound by USD. The Armenian Prime Minister came out with this initiative during the Sept 8 meeting of the heads of the EEU member states' governments in Grodno, Belarus. "The EEU should take measures to intensify the mutual settlements in national currencies and to reduce dollarization. It is also necessary to exchange experience on coordinated macroeconomic policy. In this light, the idea of mutual trade in strategic goods in Russian rubles without being bound by USD is of much importance," said Abrahamyan.