Armenia's Central Bank Warns of Economic Shock from Russian Gas Price Hike

Russian gas prices are a major concern for Armenia's economy, according to Central Bank Governor Martin Galstyan. He warns that an increase in Russian natural gas prices would be an 'economic shock' that would require a stronger than usual monetary policy response.

This comes as the Security Council Secretary Alen Simonyan spoke with Azerbaijani presidential aide Hikmet Hajiyev over remarks made regarding Armenian cultural heritage in Nagorno-Karabakh. The controversy has sparked concerns about the impact on Armenia's economy.