Zhamanak: Armenian alcoholic drink producers stop production

The sharp depreciation of the Russian ruble has resulted in a reduction of exports from Armenia, which has caused catastrophic conditions for small and medium-sized businessmen, Zhamanak reports. 

“Wine and brandy producers whose produce is mostly realized in Russia have stopped production for the past several months and are now desperately looking for ways to realize the accumulated products. The entrepreneurs are waiting for the ruble exchange rate to rise. Otherwise, they told Zhamanak, they will have to close down the factories,” the newspaper says.