ArmInfo. Very good progress has been made in the relations between Armenia and Russia this year. This was announced on December 26 at a press conference by Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, speaking about the growth in the volume of mutual trade in national currencies.
According to the deputy minister, the financial institutions of the two countries, trusting each other, are expanding the network of correspondent relations. In the summer, trading in the Armenian national currency was opened at the Moscow Interbank Currency Exchange, which in the very first weeks gave a very serious increase in volumes. "This means that the presence of this currency on the foreign economic activity accounts of our operators is in demand in order to serve the real trade turnover, which has grown very seriously. So, here we are doing everything right>, Volvach noted
He also added that within the framework of the EAEU, next year Russia will try to launch a mechanism for subsidizing interest rates on attracted loans for the development of industrial cooperation among the five countries. The projects will be financed from the EAEU budget. As the operator of the project, it is planned to establish a consortium with the participation of at least three participants. "I am sure that not only Armenian projects, but also Kyrgyz, and Belarusian, and Kazakh projects will receive proper and equal funding," the deputy minister noted.
