Armenia concerned about possible economic crisis

An industrial leader in Armenia, Vazgen Saparian , stated recently that Armenia should be ready for new global economic crises which eventually could reach Armenia via Russia. According to Saparian Armenia’s economy is very closely linked to Russia and economic problems could be easily transferred to Armenia from Russia. There are 1200 Russian–Armenian joint ventures in Armenia; in case of a serious economic crisis they will have acute financial problems, so Saparian recommends that serious measures be taken by the Armenian Government to avoid such developments.