Russia leader in Belarussia, Armenia trade 

ArmInfo.  According to the results of the third quarter, Russia ranks first in the trade  turnover of Belarus (52.7%) and Armenia (41.1%). This was stated by  the Chairman of the Russian Government Mikhail Mishustin in an  interview with Rossiyskaya Gazeta.

Thus, answering the question of why the CIS countries should be  together and not at odds, the Russian official noted that the answer  is obvious - by joint efforts it is easier to counter the challenges  facing the Commonwealth countries and solve problems of improving the  quality of life of citizens and strengthening the economies. He added  that combining efforts and using each other's strengths provide new  opportunities for development. 

"For Russia, the Commonwealth states are key partners and closest  allies. And the expansion of trade and humanitarian ties between  neighboring countries is a natural process. At the meeting of the  Council of Heads of Government of the CIS last week, I already said  that the share of the Commonwealth states in our foreign trade has  grown to 16.2%. Mutual trade turnover for January - September of this  year increased by more than 11%.

According to the results of the third quarter, our country ranks  first in the trade turnover of Belarus (52.7%) and Armenia (41.1%)  and second in trade with Kazakhstan (18.7%), Uzbekistan (18%),  Kyrgyzstan (23%)," Mishustin explained.

At the same time, the head of the Russian government emphasized that  Russia remains the largest supplier for the CIS countries, providing  them with goods and resources necessary for sustainable development,  and, as the largest economy in the region, is a significant sales  market.

According to the Statistical Committee of the Republic of Armenia,  foreign trade turnover between Armenia and the CIS countries amounted  to $11.3 billion in January-October 2024, an increase of 84.9%  year-on-year, due to a 3-fold increase in imports with a 13.5%  decline in exports - to $8.5 billion and $2.8 billion, respectively.

Foreign trade turnover between Armenia and the EAEU countries  exceeded 2024 $11.1 billion, an increase of 86.8% year-on-year. In  particular, imports increased 3-fold with a 13.7% decline in exports  - to $8.4 billion and $2.7 billion, respectively. Moreover, the  highest volume of foreign trade turnover is with Russia - $10.9  billion, with an annual growth of 91.4%. In particular, imports from  the Russian Federation increased 3.1-fold - to $8.3 billion, and  exports to the Russian Federation decreased by 13.6% - to $2.6  billion.