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Armenian-Russian Projects Will Undoubtedly Be Completed, Says Putin

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  • Armenian-Russian Projects Will Undoubtedly Be Completed, Says Putin

    ARMENIAN-RUSSIAN PROJECTS WILL UNDOUBTEDLY BE COMPLETED, SAYS PUTIN

    Tert.am
    18.10.11

    There should be no doubts that all the Russian-Armenian joint projects
    will be completed fully, Russia's Prime Minister Vladimir Putin has
    said at a meeting with his Armenia counterpart Tigran Sargsyan.

    "I would like to emphasize that the Armenian-Russian bilateral economic
    relations do not develop badly," said Putin at the meeting that took
    place in Kostantinovsky Palace in Saint Petersburg on Tuesday.

    "Russian capital investments in Armenia's economy are on the increase
    to a total of $3billion in your country. We are now working to improve
    Armenia's transport system," said Putin.

    Further, he reminded that the investments by the Russian gas monopoly
    Gazprom make a total of $1.6 billion in Armenia.

    "There should be no doubt that the joint bilateral projects will be
    completed fully. I am glad for our meeting that will contribute to
    the further, development of relations with Armenia," said Russia's
    strongman Putin.

    Tigran Sargsyan, in turn, thanked Putin for the reception and said
    there is a good dynamics in Russian-Armenian relations.

    "Russian companies feel safe in Armenia. There are more than 1200
    companies with Russian capital in our country with their growth rate
    being satisfactory," said Sargsyan.

    "The exporting potential of the companies with Russian capital
    is gradually increasing, and that is very gratifying," said he,
    adding that the profitability of those companies has reached its
    highest level.

    "I would like to emphasize that our joint projects are being
    successfully implemented and there are no failed ones," said Tigran
    Sargsyan, who also thanked Putin for the $500 million loan Armenia
    received from Russia in 2009.

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