ArmInfo. On the sidelines of his working visit to the Republic of Belarus, Prime Minister Karen Karapetyan held private talks with Prime Minster of Russia Dmitry Medvedev in Minsk, according to the press-office of the Armenian Government.
Highlighting the fact that the two countries are first of all bound by allied relations of strategic partnership, Prime Minister Karen Karapetyan and Dmitry Medvedev stressed the need to take steps to further expand bilateral trade and economic relations, considering that the involvement of Armenia and Russia in the Eurasian Economic Union opens up new opportunities and prospects for cooperation.
The annual dynamics of foreign trade turnover between Armenia and Russia in Jan-Aug 2016 increased 11.6% after last years 12.5% decline to $803.6mln. Russia is the leader in terms of export and import too: $223.3mln and $580.3mln, respectively. The annual dynamics of export increased 62.1% after 30% decline. This indicator of import fell 0.4% after previous 7.7% decline.
