RUSSIA READY TO ASSIST ARMENIA IN ECONOMIC DEVELOPMENT
People’s Daily Online
Nov 18 2010
China
Russia is ready for more cooperation with Armenia, including economic
aid, Russia’s Prime Minister Vladimir Putin said here on Wednesday
during his meeting with visiting Armenian President Serge Sargisyan.
“We know what Armenia needs and will coordinate all the questions,”
Putin was quoted by RIA Novosti news agency as saying.
The prime minister also recalled that Russia had invested in this
trans-Caucasian republic some 2.8 billion U.S. dollars and opened a
credit of 500 million dollars in 2009, adding that Russia supplied
Armenia with 1,000 tons of seed after Yerevan’s request in 2010.
Putin mentioned that many Russian companies now work in Armenian
market due to favorable conditions that was created by the Armenian
government for them.
Sargisyan appreciated their bilateral ties, adding the trade between
the two countries rose 12 percent this year compared with 2009.
Currently, Russia is building new reactor at the Armenian nuclear
power station and modernizing its railroads.
From: A. Papazian
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