18 Oct 2026
Armenia offers Russia to use dram for trading
Armenia's Ministry of Economy and the Central Bank are negotiating with Russian partners to use the Armenian currency - dram - in operations of export of Armenian goods, Armenian Economy Minister Vahan Kerobyan told lawmakers in the parliament on Wednesday.
"Today, most exporters see great risks in exports using in Russian rubles. The Central Bank of Armenia, together with the Central Bank of Russia and our partner ministries, are discussing the possibility of marking Armenian products in drams. I think we will have some results next week," he noted.
Earlier, Central Bank Governor Martin Galstyan warned that anti-Russian sanctions would have a serious impact on Armenia’s economy. Armenia's Central Bank has revised downward its 2022 GDP growth forecast from 5.3% to 1.6%.
Latest news
Latest newsBulgaria Asks NATO to Strengthen Its Defences Amid Black Sea Threats: Sofia Fears Growing Risks to Maritime Shipping
16.Oct.2026
Black Sea Shipping Risks Threaten Bulgaria’s 5 Million Tonnes of Wheat Exports
15.Oct.2026
Georgia’s Foreign Funding and Political Ban Laws Draw Criticism from the Venice Commission
15.Oct.2026
Kazakhstan Promotes a Caspian Green Energy Corridor: Astana Seeks New Routes to the European Market
14.Oct.2026
Inflation in Romania Accelerates to 6.61%: Rising Prices Increase Pressure on Households and the Economy
13.Oct.2026
Can Europe Protect the International Criminal Court from Trump’s Sanctions?
13.Oct.2026
Georgia’s Constitutional Court Continues Case on Banning Opposition Parties: Political Pluralism at Stake
12.Oct.2026
Azerbaijan and Iran Step Up Security Contacts Amid Hijab Protests
12.Oct.2026
Personnel Shortages Complicate Ukrainian Forces’ Rotation: Ukraine Faces Long-Term Challenges on the Front Line
11.Oct.2026
Trump Eases Sanctions on Russian Fuel After Talks with Putin: Kyiv Fears Boost to Moscow’s War Revenues
10.Oct.2026
Putin Seeks to Strengthen Russia’s Influence in the Post-Soviet Space Through the CIS
10.Oct.2026
Russia and the South Caucasus: External Pressure, Political Competition and a Crisis of Trust
10.Oct.2026
Peaceful Settlement Between Armenia and Azerbaijan: Moving from Declarations to Implementation
10.Oct.2026
Moldova Ready to Accept as Many Ukrainians as Necessary if Situation Worsens This Winter
09.Oct.2026
Turkmenistan Turns Avaza into a Regional Diplomatic Hub as Caspian, Central Asian and CIS Agendas Converge
08.Oct.2026