ArmInfo.Acting Minister of Economy of Armenia Vahan Kerobyan held talks with Minister of Industry and Trade of the Russian Federation Denis Manturov. According to Kerobyan himself, the meeting took place in a warm and friendly environment.
"We discussed a number of important issues aimed at deepening the Armenian-Russian trade and economic relations, as well as cooperation in the field of industry. We also touched upon the revitalization of the work of the working group jointly created by the Sverdlovsk region and Armenia in 2020. We discussed the prospects for the work of Russian companies in the free economic zones of Armenia, as well as the possibility of their participation in the production of solar panels in the republic, "Kerobyan said on his Facebook page.
It should be noted that according to the data of the Statistical Committee of the Republic of Armenia, Russia holds the leadership in Armenia's foreign trade turnover with a volume of $ 656.9 million in January-April 2021, with an acceleration of y-o-y growth from 2% to 2.4%. Russia retains leadership not only in this indicator, but also in exports and imports - $ 220.9 million and $ 436 million, respectively, with the change of the y-o-y export dynamics from 11.3% decline to 20.9% growth and with a change of the import trend from 8.1% growth for 4.9% decline.
In the foreign trade turnover of Armenia, the share of Russia decreased on a y-o-y terms from 31.7% to 30.3%. Negative foreign trade balance of Armenia with Russia decreased by 22.1% to $ 215.1 million
