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Russian-Armenian Economic Cooperation Impressing

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  • Russian-Armenian Economic Cooperation Impressing

    RUSSIAN-ARMENIAN ECONOMIC COOPERATION IMPRESSING

    ARKA
    March 9, 2010

    YEREVAN, March 9. /ARKA/. Victor Krivopuskov, councilor of Russian
    Embassy in Armenia, speaking last week in Novosti International Press
    Center, voiced satisfaction at trade and economic cooperation between
    Russia and Armenia.

    "Today, Russia's share Armenia's foreign trade turnover is 22%,"
    he said.

    National Statistical Service of Armenia says Armenian-Russian trade
    turnover reduced 14.9% over 2009 to $901.4million.

    Russia's share in Armenia's foreign trade turnover was 22.5% in 2009 -
    bigger than that of Armenia's other partners.

    Krivopuskov also pointed out Russia's $500-million loan for Armenia
    as evidence of trust.

    On June 12, 2009, Russia transferred $500 million to Armenia as
    bailout loan.

    The money was lent at preferential LIBOR interest plus 3%.
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