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Armenian-Russian Trade Turnover To Exceed US $1bn In 2011

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  • Armenian-Russian Trade Turnover To Exceed US $1bn In 2011

    ARMENIAN-RUSSIAN TRADE TURNOVER TO EXCEED US $1BN IN 2011

    Tert.am
    24.10.11

    Armenian-Russian trade turnover is expected to exceed US $1bn this
    year, Russian President Dmitri Medvedev stated following his meeting
    with Armenian President Serzh Sargsyan in Moscow.

    "Bilateral political ties are developing, and we are achieving balance
    in our trade and economic relations," he said.

    Russian investments in Armenia's economy exceeded US $2.8bn.

    "We are developing cooperation in such fields as energy, high
    technologies and transport. These are good signals," Medvedev said.

    "The amendments to the agreements abolishing dual taxation of incomes
    and property introduced today will facilitate business partnership
    as well," he said.

    "Our talk is a talk of two friends, leaders of allied states," the
    Russian leader said.

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