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Russia bans Armenian dairy products as trade restrictions widen: THIS WEEK IN BUSINESS

  • Armenia has agreed to expand its existing gas-for-electricity swap deal with Iran, a senior official has confirmed. Additional details weren’t immediately available.

  • Russia broadened its existing trade restrictions with Armenia, adding dairy products to the list of banned goods. It now covers most agricultural goods.

  • Armenia’s 1,000 biggest companies paid more than $3 billion in taxes in the first half of the year, marking a year-on-year increase of almost 13%, according to official figures.

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