Armenia has repeatedly increased the export of cars to Russia. If in January 2022 it was 800,000 dollars, in January 2023 it reached 180 million dollars. Armenia does not have its own production of cars, the country buys cars that are inaccessible to the Russians due to sanctions and resells them.
Armenia dramatically increased auto exports to Russia in 2022. In January 2023 it reached $180 million from $800,000 in January 2022, according to the Financial Times.
The newspaper specifies that car dealers in Armenia are buying cars at auctions in the United States, which are considered cancelled. The cars arrive in Armenia via Georgia, are repaired and resold to Russia, with which the country has duty-free trade.
In January 2022, Armenia imported $2.8 million worth of cars from the US. In January 2023, this amount reached $2.8 million, and in April 2023 it was $34 million.
The ban on the export of new and used cars from the United States to Russia has been in force since spring 2022.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
