Russia-Armenia cooperation has a lot of reserves – Putin.

Itar-Tass, Russia
March 25 2005

YEREVAN, March 25 (Itar-Tass) – There are a lot of reserves for
Russian-Armenian cooperation, President Vladimir Putin said.

“At present, Russia and Armenia are equally interested in the deepening
of broad contacts and see their future in close integration with each
other,” he said at ceremony of opening a Year of Russia in Armenia
on Friday.

Putin said Russia is a main investor and trade partner for Armenia.

Russian investments play an important role in development of key
sectors of the Armenian economy, Putin said.

“On the whole, Armenia is a beneficial and promising partner for
Russian business in joint energy, infrastructure, transport and
other projects.”

“We should make it so that they are used to full capacity. We are to
look for effective models of cooperation, open new possibilities for
the free movement of capital, goods and services, including by using
the potential of the CIS and other associations,” Putin said.