Commodity turnover between Armenia, Russia exceeds $450 mln

The 17th sitting of the Armenian-Russian Intergovernmental Commission on Economic Cooperation was held in St. Petersburg today under the chairmanship of Armenian Prime Minister Hovik Abrahamyan and Russian Transport Minister Maxim Sokolov.

Issues related to the economy, energy, transport and legal framework, humanitarian cooperation, education, culture and other fields were discussed.

In a statement following the sitting the Armenian PM stressed the positive move in the field of trade-economic cooperation. He hailed the results of the meeting and the agreements reached within that framework.

Maxim Sokolov noted, in turn, that a 10% growth was registered in the commodity turnover between Armenia and Russia, reaching $450 mln this year. He said the Armenian exports to Russia exceeded $125 mln.

“It’s obvious that despite the strained economic and political situation, Russia has been and remains Armenia’s main economic partner,” he stated.

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