Bank Of Baku

Minister: Armenia’s economy will suffer seriously if war with Iran drags on

Minister of Economy Gevorg Papoyan

© APA | Minister of Economy Gevorg Papoyan

# 18 March 2026 13:49 (UTC +04:00)

Armenia’s economy will suffer seriously if the war against Iran is prolonged, Armenian media reported, citing Minister of Economy Gevorg Papoyan, APA reports.

Papoyan said during a briefing that rising costs, particularly in the form of price increases for certain goods, are already being observed.

According to the minister, Armenia imports certain types of raw materials from Iran, which creates a risk of further price increases.

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