Friday, December 9 2022 17:04
Naira Badalian

Putin: Russia remains Armenia`s leading trade and economic partner

Putin: Russia remains Armenia`s leading trade and economic partner

ArmInfo. Russia remains Armenia's leading trade and economic partner, Russian President Vladimir Putin said December 9 at a meeting with Armenian Prime  Minister Nikol Pashinyan in Bishkek.

According to him, over 30% of Armenia's trade turnover falls on  Russia. The Russian Federation is also one of the leading investors  in the Armenia's economy - this is about 40% of investments.

Putin also noted that in the first 10 months of this year, the growth  in trade amounted to 67%. <This is a very serious, very good,  positive indicator. However, there are always questions, and I am  glad to have the opportunity to meet," the Russian leader said.

According to the statistical data of the Republic of Armenia, the  volume of trade between the Republic of Armenia and the Russian  Federation in January-October 2022 amounted to $3,791,851.6 thousand,  showing an increase of 86.4% compared to 10 months of 2021. The  volume of export from Armenia to Russia reached $1,709,959.0  thousand, having increased 2.5-fold, and import amounted  to-$2,280,546.8 thousand, having increased 48.2%.