Economic relations between Russia and Armenia are developing at a good pace, Russian President Vladimir Putin said during a meeting with Armenian Prime Minister Nikol Pashinyan at the Kremlin.

“As for the economy, it is developing at a good pace,” Putin said during Armenian-Russian talks.

He noted that bilateral trade turnover reached approximately $11 billion in 2024 and stood at $6.4 billion in 2025.

“Exports from Armenia to the EAEU countries have increased tenfold in recent years,” he said.