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Russian, Armenian leaders to discuss trade, energy, Caucasus

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  • Russian, Armenian leaders to discuss trade, energy, Caucasus

    Russian, Armenian leaders to discuss trade, energy, Caucasus

    16:29 | 19/ 10/ 2008


    MOSCOW, October 19 (RIA Novosti) - Russian President Dmitry Medvedev
    will discuss trade, energy and the South Caucasus situation with his
    Armenian counterpart during a visit to Armenia October 20-21, a Kremlin
    source said on Sunday.

    Medvedev will pay an official visit to Armenia on the invitation of
    Armenian President Serzh Sargsyan. The visit aims to strengthen the
    relations of strategic partnership between Russia and Armenia, the
    Kremlin source said.

    Bilateral trade and economic cooperation will top the agenda of talks
    between the Russian and Armenian leaders, the Kremlin source said.

    "Bilateral trade grew 13%, year-on-year, in the first eight months of
    2008 to $536.5 million. Russia is a leading trade partner of Armenia
    and holds leading positions in terms of investment in the Armenian
    economy, with accrued investment from Russia topping $1.6 billion from
    1991 to July 1, 2008," the Kremlin source said.

    The parties will also focus on joint energy projects and the industrial
    development of uranium deposits in Armenia, the source said.

    At their talks in Yerevan, the Russian and Armenian leaders will also
    discuss the situation in South Caucasus following Georgia's recent
    attack on breakaway South Ossetia, and other topical international
    issues, the Kremlin source said.

    Russia recognized South Ossetia along with Abkhazia as independent
    states on August 26, two weeks after it forced out Georgian troops that
    had tried to retake control of South Ossetia. Tensions remain high in
    the region, and Georgia continues to demand that Russia withdraw its
    troops from the two republics.
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