Russia-Armenia trade turnover increases

Russian–Armenian trade turnover for the ten months of 2008 was USD 860 million. Of this amount USD 680 million was accounted for by products Russia exported to Armenia.

In 2008 Russia’s investments in Armenia doubled, reaching USD 570 million, 70% of total foreign investment in the country.

Russia and Armenia will cooperate in nanotechnologies, energy and other economic spheres. Russia will also assist Armenia in building its new nuclear power station. Armenia has not suffered considerably so far from the world economic crisis.