World Economy

Armenia Dependent on Russia

Armenia Dependent on RussiaArmenia Dependent on Russia

Armenia is expected to be more dependent on Russia after its accession into the Eurasian Economic Union ( EEU), on Jan. 1, 2015, World Bulletin reported. Armenia, accepted in the last week of 2014, has become the fifth member of the union following Russia, Kazakhstan, Belarus and Kyrgyzstan. This could increase Armenia’s dependence on Russia in political and economic matters.