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Vladimir Putin: Our Negotiations With Armenian Prime Minister Covere

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  • Vladimir Putin: Our Negotiations With Armenian Prime Minister Covere

    VLADIMIR PUTIN: OUR NEGOTIATIONS WITH ARMENIAN PRIME MINISTER COVERED ALL TOPICS OF OUR COOPERATION IN ALL DIRECTIONS

    ArmInfo
    2008-12-05 19:59:00

    ArmInfo. "Russian investments, the accrued volume of which amounts
    to 1.6 bln USD, is a significant factor of recovery of Armenia's
    economy",- Russian Prime Minister Vladimir Putin said at a joint
    briefing with Armenian Prime Minister Tigran Sargsyan.

    The Russian governmental press-service quotes Putin as saying:
    "Today we touched upon all topics of our cooperation in all
    directions. Certainly, the issues of cooperation in the economic
    sphere were the main direction".

    According to him, in 2008 experts point out a good dynamics in the
    bilateral trade and economic ties, the commodity turnover is steadily
    growing, in 2007 it increased by almost 17%. Putin qualified expansion
    of the activity of such large Russian companies as Gazprom, INTER RAO
    UES, Russian Railways, as well as some Russian banks, particularly,
    VTB in Armenia as quite useful.

    Good prospects for joint projects are opening in such spheres
    as color metallurgy, transport, construction, banking sphere and
    information technology, he said. Putin stressed that the issues of
    further promotion of bilateral economic ties are in the focus of the
    Russian-Armenian inter-governmental commission's attention. "I should
    add that during the negotiations we assessed its work positively",-
    he said and added that the cooperation will be developed. Putin said
    that he also discussed with Tigran Sargsyan the further joint steps
    in the trade and economic sphere.

    "Certainly, we also spoke on problems related to the global
    financial crisis which anyhow affects our countries",- Putin said. He
    stressed that the Russian party is content with the course of Dec
    5 negotiations.

    According to the National Statistical Service, in Jan-Oct 2008
    Armenia's foreign trade turnover with Russia grew by 19,2% to
    $866,2 mln.
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