MARCH 1 2014 (The Conway Bulletin) — Armenia will join the Russia-led Customs Union by mid-April, local media quoted deputy foreign minister Shavarsh Kocharyan as saying.
His statement was a show of support from the Armenian government to Russia in its row with the West over Ukraine. Armenia has previously said it would not be ready to join the Customs Union — a loose economic bloc including Russia, Belarus and Kazakhstan — until June.
The decision last year by Ukraine’s government to turn its back on the European Union in favour of closer ties with Russia, triggered demonstrations which culminated in his month’s revolution.
Armenia, though, has never wavered in its support for Russia. Its move towards the Customs Union and away from the European Union has broad public support.
Russian companies are one of the biggest investors in Armenia. Earlier this year Russian gas monopoly Gazprom completed the purchase of the Armenia gas network and oil company Rosneft has also pledged to invest $500m into a rubber plant outside Yerevan.
The Russian military also maintains one of its biggest overseas bases in Armenia which the public sees as a bulwark against potential Azerbaijani aggression. Also on March 1, one of the main opposition leaders in Armenia, former president Levon Ter-Petrosyan told his supporters at a rally in Yerevan that joining the Customs Union was the right move for Armenia.
ENDS
Copyright ©The Conway Bulletin — all rights reserved
(News report from Issue No. 174, published on March 5 2014)