RosBusinessConsulting Database
January 13, 2005 Thursday 1:54 am, EST

Armenian minister comments on relations with Russia

In 2004, Russian-Armenian relations were focused on maintaining
economic ties and on cooperation in the transportation sector,
Armenian Foreign Minister Vardan Oskanian said at a news conference
devoted to the 2004 results. According to him, the sides managed to
solve many economic problems. In particular, they agreed on Armenia’s
participation in organizing an international transportation route
North-South, which is of strategic importance for Armenia as an
alternative transportation link through Iran, the ARKA news agency
quoted him as saying.

Among other important issues of Russian-Armenian economic
cooperation, Oskanian mentioned the necessity to increase cargo
transportation between the two states and promote Russia’s
investments in Armenia’s economy as well as use Armenia’s energy
generating facilities in full volume.

Oskanian pointed out that last year, bilateral relations continued
developing and strengthening in the military, political and
humanitarian spheres. The Armenian-Russian association of business
cooperation that unites some 100 companies in both countries was
created in 2004. Officials also agreed to declare the year 2005 as
the Year of Russia in Armenia and 2006 as the Year of Armenia in
Russia.