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Russia-Armenia Financial Transfers Form $700 Million

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  • Russia-Armenia Financial Transfers Form $700 Million

    RUSSIA-ARMENIA FINANCIAL TRANSFERS FORM $700 MILLION

    Panorama.am
    15:07 12/02/2008

    Armenia became one of the major countries receiving financial transfers
    from Russia. According to Russian media, 10.1% of financial transfers
    from Russia go to Armenia. The experts of Russian energetic and
    financial institutes evaluated the situation increasing yearly, as this
    figure was 615 million dollars in 2006 and rose to 700 million in 2007.

    According to the Russian Central bank data, 36 billion dollars were
    transferred by physical bodies through various transfer systems and
    "Russian Post" to abroad.

    Those sums were transferred particularly by non citizens of Russian
    Federation. Uzbekistan, Tajikistan, Ukraine and Moldova are in the
    list of transfer receiving countries.

    According to the experts the final amount of the transfers were
    recording, as it brought 50 billion dollars results to the country.
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