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Russia Ready To Assist Armenia In Economic Development

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  • Russia Ready To Assist Armenia In Economic Development

    RUSSIA READY TO ASSIST ARMENIA IN ECONOMIC DEVELOPMENT

    People's Daily Online
    Nov 18 2010
    China

    Russia is ready for more cooperation with Armenia, including economic
    aid, Russia's Prime Minister Vladimir Putin said here on Wednesday
    during his meeting with visiting Armenian President Serge Sargisyan.

    "We know what Armenia needs and will coordinate all the questions,"
    Putin was quoted by RIA Novosti news agency as saying.

    The prime minister also recalled that Russia had invested in this
    trans-Caucasian republic some 2.8 billion U.S. dollars and opened a
    credit of 500 million dollars in 2009, adding that Russia supplied
    Armenia with 1,000 tons of seed after Yerevan's request in 2010.

    Putin mentioned that many Russian companies now work in Armenian
    market due to favorable conditions that was created by the Armenian
    government for them.

    Sargisyan appreciated their bilateral ties, adding the trade between
    the two countries rose 12 percent this year compared with 2009.

    Currently, Russia is building new reactor at the Armenian nuclear
    power station and modernizing its railroads.




    From: A. Papazian
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