Economic Cooperation between Russia and Armenia Reaches $7.3 Billion, Reinforcing Strong Partnership

The economic cooperation between Russia and Armenia has experienced significant growth in recent years, with the trade turnover between the two countries reaching $7.3 billion. This is a doubling from the previous year and serves as a testament to the strength of their economic partnership. Russian Deputy Prime Minister Alexey Overchuk emphasized this point during a conversation with journalists, highlighting the importance of their economic relationship.

Overchuk praised the positive development of the economy in Armenia and commended its active participation in the Eurasian Economic Union (EAEU). He reiterated that despite concerns over Armenia’s potential involvement in NATO, Russia views Yerevan as a strong ally and remains committed to maintaining and strengthening their ties. The growing trade turnover is evidence of this strong partnership and signifies a positive trajectory for their bilateral relationship.

Overall, Moscow’s support for Yerevan as an ally is reflected in the increasing economic cooperation between Russia and Armenia. Their shared interests in promoting regional stability and development make it crucial for them to continue collaborating and benefiting from each other’s strengths.