ArmInfo.The unblocking of all economic and transport links in the region will increase the trade turnover between Armenia and Russia. Deputy Prime Minister of Russia Alexei Overchuk said this in an interview with journalists on the sidelines of the Armenian Business Forum in Yerevan on September 20.
"The work of the trilateral working group (Armenia, Azerbaijan, Russia) is proceeding normally. The parties are committed to unblocking transport communications. Obviously, this will create new opportunities for increasing trade between our countries and in the region as a whole," Overchuk said, adding, that now there is a discussion on how to do this.
He also noted that a large Russian business mission has arrived in Yerevan and the parties are counting on creating new contacts in various sectors of the economy, which will help bring relations between the countries to the next stage.
"We have already increased our trade compared to the previous year, but we can achieve more," the Russian Deputy Prime Minister said.
To note, according to the final data of the Statistical Committee of the Republic of Armenia, Russia holds the leadership in Armenia's foreign trade turnover with a volume of $ 1.3 billion in Jan-July 2021, with a change of y-o-y dynamics from the 3.3% decline to 18.4% growth. Russia also retains leadership in export and import - $ 451 million and $ 880.1 million, respectively. Moreover, the y-o-y dynamics of exports for the year came out of the 16.9% decline by 34.6% growth, while the growth of imports accelerated from 3.6% to 11.5%.
To recall, the agreement on unblocking regional communications was reached on January 11 this year at a meeting in Moscow of the leaders of Russia, Armenia and Azerbaijan. Then, for these purposes, it was decided to create a working group at the level of deputy prime ministers of the three countries, which will focus on establishing transport and economic ties in the region. The last, seventh meeting of the group was held in August this year.
