RUSSIA’S DIRECT INVESTMENTS IN REAL SECTOR OF ECONOMY OF ARMENIA TOTAL $600 MILLION
by Arthur Yernjakyan
ARMINFO
Monday, December 2, 15:44
Russia’s direct investments in the real sector of economy of Armenia
totaled $600 million, Minister of Transport of Russia Maksim Sokolov
said at the ongoing Third Inter-regional Conference “Russia. Armenia.
Customs Union” in Gyumri on sidelines of Russian President Vladimir
Putin’s visit to Armenia.
As co-chair of the Russian-Armenian Governmental Committee, Sokolov
said that Russia is the leader by investments and trade cooperation
with Armenia. The foreign trade between the countries grew 22% in 2012
and totaled $1.2 billion. In the first half of 2013 it exceeded $600
million and will become comparable with last year’s indicator till
the end of the year. Sokolov said that last year Armenia and Russia
adopted a program of long-term cooperation for 2020. The action plan
for 2014-2017 is to be coordinated. The minister thinks that Armenia’s
accession to the Customs Union will give a new impetus to development
of economic integration and open new opportunities of cooperation.
From: Baghdasarian