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Armenia severely affected by western sanctions against Iran

19 November 2012 08:34 (UTC +04:00)

Baku. Shamil Alibeyli – APA. The western sanctions against Iran have had dire consequences for Armenia, including an acute shortage of food and agricultural products in the country, APA reports quoting Fars news agency. These sanctions had serious impacts on the country's agricultural sector and processing industry.

The report also said that tens of companies and factories in Armenia were shut down due to the shortage of raw materials which were imported from Iran. Meanwhile, exporting these products from other countries will take about 30-40 days, which will likely result in a hike in prices and lower quality.

The Union of Manufacturers and Businessmen (Employers) of Armenia (UMBEA) has addressed Prime Minster Tigran Sargsyan with a request to help resolve the problem, it said.