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Fuel prices soar in Armenia, stretching household budgets: THIS WEEK IN BUSINESS

  • The price of liquified petroleum gas, used mostly for transportation in Armenia, soared this week amid new reports of disruption in supply from Russia.

  • Russian officials announced a formal ban on Jermuk Group, one of Armenia’s main mineral water producers.

  • State-owned Russian bank VTB announced plans to sell off its majority stake in the Teghut mine, a key Armenian copper and molybdenum deposit.

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