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Russia, Armenia enjoy great potential in cooperation: Putin

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  • Russia, Armenia enjoy great potential in cooperation: Putin

    Russia, Armenia enjoy great potential in cooperation: Putin

    People's Daily Online, China
    March 26 2005

    Russian President Vladimir Putin, who is visiting Armenia, on Friday
    urged both sides to seek new models of cooperation, stressing the huge
    potential in developing ties between the two countries, especially
    in investment.

    "Russia and Armenia are equally interested in deeper multidimensional
    ties and see our future in close integration," Putin said at the
    opening ceremony of the Russia Year in Armenia, the Interfax news
    agency reported.

    "We have to seek effective models of cooperation, open up new
    opportunities for the free movement of capital, goods and services,"
    Putin said.

    Armenia is a "promising partner for Russian businesses in jointenergy,
    infrastructure, transport and other projects," he said.

    Putin singled out investment as an important aspect of Russia-Armenia
    cooperation.

    As Armenia's main investor and trading partner, Russia played an
    important role, with its investment, in Armenia's efforts to boost
    key sectors of its economy, he said.

    "It (investment) is growing and there lie considerable prospects,"
    Putin told a press conference after talks with his Armenian counterpart
    Robert Kocharyan.

    Putin noted the stable political situation and economic growth in
    Armenia is a prerequisite for expanding cooperation.

    The Russian president arrived in Armenia Thursday for a two-dayvisit,
    during which he held talks with Kocharyan and attended the opening
    ceremony of the Year of Russia in Armenia.
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