Russia Invests More Than $1 Billion in Armenia's Economy
The official said that cooperation between the two states is actively developing. Thus, the mutual trade turnover with Armenia in 2021 increased by 17%, while in 2020 the level of trade turnover decreased by almost 4%. In addition, the level of jointly accumulated investments from Russia to Armenia has increased to more than $2.2 billion.
«We know that there are concrete projects worth more than $1 billion that will be delivered to the Armenian economy in the near future», he said.
Earlier, Armenian Prime Minister Nikol Pashinyan called Russia his country's main trading partner. According to him, in 2019, bilateral trade between the two countries exceeded the threshold of $2 billion, and this year a double-digit increase in trade turnover has already been recorded. He also noted that bilateral cooperation between the countries is for the benefit of nations.