TBILISI: Russian and Armenian PMs discuss trade relations

The Messenger, Georgia
Feb 8 2008

Russian and Armenian PMs discuss trade relations

By M. Alkhazashvili
(Translated by Diana Dundua)
Friday, February 8

On February 6, Russian Prime Minister Viktor Zubkov said that trade
turnover between Russia and Armenia was USD 700 million in 2007,
adding `we hope this figure will reach USD 1 billion in the near
future,’ the news agency Regnum reports.

Zubkov – who was on a trip to Yerevan where he met his Armenian
counterpart Serzh Sarkisyan – added that Russian investments in Armenia
are already at the USD 1 billion mark, and expressed hope that close
cooperation between the two states will continue.

He also said that with transport links between the two countries
expected to improve, Armenia will be able to increase exports of
construction materials to Russia. Some commentators have taken this
as an indication that the Armenian construction industry will
contribute to building works in Russia’s southern city of Sochi as it
gears up to host the 2014 Winter Olympics.

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