12:59 - 3.10.2025

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October 3, Fineko/abc.az. Armenia exports products imported from Russia to other countries under the guise of domestic products.

ABC.AZ informs that Malik Hasanov, an economist and expert of International Public Association for Economic Research "Economist", made this statement at a briefing on the economic analysis of dubious import and export operations in Armenia.

He noted that these illegal and contrary to international rules trade relations distort information about the current economic situation in the region and create serious misconceptions.:

"Armenia must act responsibly and courageously, not giving Russia a corridor to evade sanctions. This weakens global efforts to restore peace and stability in Ukraine and contributes to the violation of international law."

Hasanov stressed that Armenia exports products imported from Russia to other countries under the guise of local products:

"If in 2020 exports from Armenia of goods such as precious or semi-precious stones and precious metals amounted to only $368.8 million, then in 2024 this figure exceeded $8.4 billion, having increased 23-fold in 5 years. Thus, Armenia imports sanctioned goods from Russia and, by hiding their origin and exporting them as its products to third countries, clearly mediates Moscow's evasion of sanctions."

The economist added that ”Economist" will also send a report on the economic analysis of Armenia's import-export operations in English to think tanks in Europe and the U.S. studying the Russian-Ukrainian topic.