Armenian Prime Minister Nikol Pashinyan has warned that Russia’s restrictions on Armenian exports are calling into question the future of the Eurasian Economic Union (EAEU), saying the dispute could mark “the beginning of the end” for the Moscow-led bloc if it is not resolved soon.
Economic indicators have fallen sharply in Dagestan and North Ossetia
According to a report from the Accounts Chamber, the industrial production index declined in 38 Russian regions in the first six months of this year, but the most significant decline occurred in two republics of the North Caucasus. Dagestan recorded a 16% decline, while North Ossetia saw a 21.8% decline.
If current indicators persist in the second half of the year, the decline in Dagestan could significantly exceed its growth in 2024. According to Nizam Khalilov, the republic's Minister of Industry and Trade, growth in 2024 will be 6.5%.
The situation in North Ossetia is even more complex: according to Rosstat, the industrial production index remained virtually unchanged for last year, declining within the margin of error.
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