Time in Yerevan: 11:07,   18 April 2024

Armenian brandy-maker finds Armenia's accession to the Customs Union profitable

Armenian brandy-maker finds Armenia's accession to the Customs Union profitable

YEREVAN, OCTOBER 23, ARMENPRESS. The Armenian brandy-makers are excited at Armenia’s decision to join the Customs Union. The country’s economy is linked with the Russian Federation and the CIS countries. The General Director of Shahnazaryan Wine-Brandy House Samvel Shahnazaryan stated that it’s much preferable to choose the Customs Union’s direction, as the EU states have not yet overcome the consequences of the crisis.

In the result of the negotiations on September 3, 2013 in Moscow the Presidents Sargsyan and Putin confirmed the aim of the Republic of Armenia and the Russian Federation in the direction of further development of economic integration processes in the Eurasian territory. In that context the President of the Republic of Armenia Serzh Sargsyan announced about the Armenia's decision to join the Customs Union and the necessity of implementation corresponding steps for that aim and in future about participating in formation of the Eurasian economic union. The President of the Russian Federation Vladimir Putin expressed his support to the abovementioned decision of Armenia and informed about the readiness of the Russian side to support the process.








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