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Armenia snubs Russia after gas price hike

Armenia snubs Russia after gas price hike

An apparent Russian attempt to use energy supplies to force Armenia, one of its closest allies, to choose membership of the Customs Union over closer association with the EU, appears to have failed. With a hike in the price of Russian gas coming into effect, Yerevan said it's looking at alternative suppliers like Iran and holding talks on the sale of its largest hydroelectric power plants to a US company. 

http://www.bne.eu/story5073/Armenia_snubs_Russia_after_gas_price_hike

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