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Russia Major Investor And Economic Partner For Armenia

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  • Russia Major Investor And Economic Partner For Armenia

    RUSSIA MAJOR INVESTOR AND ECONOMIC PARTNER FOR ARMENIA

    PanARMENIAN.Net
    06.02.2008 17:48 GMT+04:00

    /PanARMENIAN.Net/ Russia is Armenia's major investor, RF Prime Minister
    Victor Zubkov told a news conference in Yerevan.

    "The accumulated volume of Russian investments amounting in $1 billion
    strengthens our intention to develop cooperation. Joint programs are
    being successfully implemented. They cover new sectors, including
    atomic energy, diamond production and communications," he said.

    "Russia also maintains the status of Armenia's leading economic
    partner. The commodity turnover accretion made 60% and is approaching
    $1 billion," he added.

    For his part, Armenian Foreign Minister Serzh Sargsyan said that the
    potential of the Armenian-Russian relations is huge and the figure
    of $1 billion is a matter of near future, Novosti Armenia reports.
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