ArmInfo. Prime Minister of the Russian Federation Mikhail Mishustin at a meeting with his counterpart from Armenia Nikol Pashinyan noted that in the context of sanctions, it is important to actively use national currencies in trade, expand industrial cooperation and open up new opportunities for trade.
"In the context of illegal sanctions by unfriendly states against Russia, of course, it's important to more actively use national currencies in bilateral trade, develop industrial cooperation, and open up new opportunities for expanding mutual trade in all directions," he said, RIA Novosti reports.
Mishustin noted that the decisions taken in the format of the Eurasian Economic Union, in particular, on reducing import customs duties on raw materials, food and components, will ensure the sustainable development of the single market in the interests of business and consumers of the member states.
He added that much attention is being paid to unblocking economic and transport ties in Transcaucasia. According to the Russian Prime Minister, the creation of new infrastructure routes will ensure the sustainable development of the region, will contribute to the strengthening of peace and stability in the interests of all the states of the South Caucasus. Mishustin also noted that Russia will continue to provide humanitarian assistance to Armenia.
The Prime Minister of the Russian Federation noted that in 2021 Moscow and Yerevan increased the volume of bilateral trade between the countries by almost 13% compared to the previous year. "Russia ranks first among foreign trade partners and investors in the Armenian economy. And, which is good, last year the mutual trade turnover grew by almost 13% compared to 2020, and the growth continues. [It] reached $2 billion 600 million," said the head of the Cabinet of Ministers of the Russian Federation. At the same time, in January-February of this year, trade increased by 42%, amounting to almost $430 million, Mishustin added.
