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Armenia: Does Gas Explain Decision to Join Customs Union?

Some Armenian officials would have you believe that Yerevan's surprise decision to join the Russia-led Customs Union all came down to economic moxie. And, in a way, perhaps it did. But in gaseous form.

Armenian Energy and Natural Resources Minister Armen Movsisian told parliament on September 11 that the question of how to grapple with the higher prices Russia's state-owned Gazprom is now charging for natural gas would be decided within the framework of the Customs Union.

"The decision already has been found, and soon [everything] will be resolved," Movsisian said, expressing his support for the trade deal, Lragir.am reported.

Announced this summer, the 18-percent price hike by Gazprom, Armenia's chief provider of natural gas, had fueled not only further worries for the country's hard-pressed economy, but, also, predictions of widespread opposition to the government.

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Armenia: Does Gas Explain Decision to Join Customs Union?

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