BAKU, Azerbaijan, Might 29. Russian President
Vladimir Putin said that Moscow might virtually wind down its
work within the sphere of financial integration with Armenia if Yerevan
decides to proceed with its efforts geared toward becoming a member of the European
Union, Development
stories.
He made the remarks throughout a press convention following the
assembly of the Supreme Eurasian Financial Council in Astana.
The Russian chief emphasised that Moscow respects the fitting of
the Armenian management to make choices independently, primarily based on
the nation’s pursuits.
“I instructed him [Nikol Pashinyan] earlier than, and he’ll affirm this,
I instructed him that no matter is sweet for Armenia is suitable and good
for Russia. Do as you see match, primarily based on the pursuits of the
Armenian folks. You might be in energy now, the duty for
decision-making lies with you; no matter you say will likely be,” Putin
mentioned.
On the similar time, the Russian President famous that Yerevan’s
potential choices wouldn’t have an effect on the relations between the
peoples of the 2 international locations.
“No matter choices are made, this won’t spoil our
humanitarian ties, it won’t spoil our political ties, however in
this case, we’re speaking a few purely financial substance,” he
said.
Based on Putin, combining completely different financial mechanisms and
requirements is a particularly complicated course of.
“Some mechanisms are potential for us, whereas others are
unattainable. That’s, there are a variety of issues at present which can be
merely incompatible. They can not coexist,” the Russian President
mentioned.
He famous that transitioning to European requirements would require
vital funding and time.
“To make sure, say, sure requirements in Europe, that are most likely
extra superior than ours, we’ve got to take a position cash to create
manufacturing for such merchandise. And vice versa. Subsequently, combining
one with the opposite proper at present or tomorrow is virtually
unattainable,” Putin famous.
On this regard, he said that Russia is likely to be compelled to scale
again integration-driven financial interplay.
“Subsequently, we will likely be compelled to wind down virtually all of
our work – not simply in some areas, however by and huge – within the
financial sphere regarding integration processes,” the Russian
President declared.
