Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Arthur Yernjakyan
Armenia may get a real benefit from joining the Customs Union, Bruno Balvanera, EBRD Director for Caucasus, Moldova and Belarus, said at today's press conference in Yerevan. He thinks that the country may enjoy low gas tariffs.
The Customs Union countries have the same tariffs and this is one of the privileges of the Customs Union members. This will have a positive effect on Armenia's economy and curb inflation, Balvanera said.
Balvanera said that he respects Armenia's decisions and added that the organizer of the Customs Union, Russia, is also an EBRD member and is responsible for almost 30% of the bank's transactions.
He said that the EBRD has cooperated with the Customs Union member states, but it is early yet to say what economic benefits the Union will give Armenia - for the country is just starting to negotiate its accession.
On Apr 1 2013 Russia raised its gas price for Armenia from $180 to $270 per 1,000 c m. Due to the Armenian Government's subsidies the price has been reduced to $189. They in the Government said earlier that they were expecting a grant from Russia for continuing to subsidize the gas price.