ArmInfo.Deputy Minister of Economy of Armenia Narek Teryan will be sent on an official trip to Russia to discuss issues of bilateral trade and economic cooperation.
According to the official website of the government, by the decision of acting Prime Minister of Armenia Nikol Pashinyan on July 20, for this purpose the Deputy Minister of Economy of the Republic of Armenia will visit the Russian Federation (Moscow) on July 21-23.
To note,, according to statistics, in January-May 2021, compared to the same period in 2020, Armenia's foreign trade turnover with Russia accelerated the y-o-y growth from 3.1% to 11.9%. Russia holds the lead both in terms of the total volume of foreign trade turnover ($ 879.8 million) and in exports and imports ($ 288.7 million and $ 591.1 million, respectively). Exports with Russia brought the annual dynamics from the 14.6% decline to 31.4% growth, while the import growth slowed down from 11.6% to 4.3%
