Friday, October 28 2016 11:18

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.