Expert: Russia uses its companies in Armenia to evade sanctions

Business
  • 03 September, 2025
  • 13:04
Expert: Russia uses its companies in Armenia to evade sanctions

There are suspicions that Russian companies in Armenia are being established for the purpose of conducting shadowy operations in this country, according to Malik Hasanov, economist-expert of the Ekonomiks International Public Union for Economic Research, Report informs.

He made the remark during a briefing on the economic analysis of Armenia's suspicious import-export operations.

Hasanov stated that after the war against Ukraine, hundreds of companies registered under the names of Russian businessmen have appeared in Armenia: "There are suspicions that these companies were created to conduct shadowy operations. There is no answer to the question why suddenly more than 75% of exports from Russia to Armenia included products such as pearls, precious or semi-precious stones, and precious metals."

Legal expert Bayram Sadighov said that the relevant resolutions of the UN General Assembly have established state responsibility for actions contradicting international law, and a state that creates conditions for another state to commit an act contrary to international law also bears international responsibility: "The actions of Russia and Armenia should be approached from this perspective."