Abstract
Sanctions imposed against Russia by Western developed countriesimplying the limitation of Russia’s access to the global markets of goods and services, technology and finance are drastically changing the international economic system. The Russian-Ukrainian war has had a significant impact on trade in services as well. The situation has affected the trade flows of services in Armenia as well. The war affected trade in services of the RA in several directions: tourism, financial services, information and communication technologies. In the first three quarters of 2022, an increase was recorded in almost all directions of export of services. Further, the export of financial and tourist services increased considerably.
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