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Russia hopes to achieve record high trade turnover with Armenia
YEREVAN, NOVEMBER 25, ARMENPRESS. Russia’s Ambassador to Armenia Sergey Kopyrkin has expressed hope that the Armenia-Russia trade turnover would reach a record high of 14-16 billion dollars.
In an interview with the Russian Izvestiya newspaper, Kopyrkin said the dynamic development of trade between the two countries is mostly due to the cooperation within the framework of the Eurasian Economic Union.
Without the productive work by the EEU bodies, the “impressive indicators” of bilateral trade would be impossible, he added. The regulatory work within the union contributed to the fact that Russia is among the top investors in the Armenian economy, the ambassador said.
“The total level of accumulated Russian investments amounts to approximately 4 billion dollars,” the ambassador said, referring to Russian investments in the Armenian economy.
Trade turnover in the first half of 2024 amounted to over 8,3 billion dollars compared to the 7,4 billion dollars of the same period of 2023.
“We expect to maintain the pace and reach a record 14-16 billion dollars. We are also working on launching joint economic projects in Armenia that would have tangible contribution in the development of industry in Armenia, create new jobs and increase tax revenues.”
Published by Armenpress, original at https://armenpress.am/en/article/1205811?fbclid=IwY2xjawGyPVRleHRuA2FlbQIxMQABHQ8kVKYJi5Rb-5bw4cmLGb2Q5v0XA5EXbDrbTl60HtXqBcoAoxMQT6GiJw_aem_uxOp5AerywLa1XV7i86Xhw