Russia and Armenia are satisfied with the development of the trade and economic cooperation and implementation of agreements, Russian President Vladimir Putin told a news conference upon completion of talks with Armenian leader Robert Kocharian. “On the whole we are satisfied with the dynamics of sustainable growth of commodity turnover during the recent years. In 2005 it grew with 40%, during 11 months of 2006 with 70% that made $440 million,” said Putin adding that ‘the resulting index during last year may reach half billion. The Russian President also said that energy remains the pulling force of the economic cooperation between the two states.
Putin also marked out progress in development of industrial cooperation. In his words, ‘with the efforts of three Russian companies – Gazprom, RUSAL and VympelCom – the amount of investment in the Armenian economy will be considerably increased in the near future. “Rosatom, the Russian Railways and their Armenian counterparts have submitted good projects,” he said, reports ITAR-TASS.
