RUSSIA-ARMENIA FINANCIAL TRANSFERS FORM $700 MILLION

Panorama.am
15:07 12/02/2008

Armenia became one of the major countries receiving financial transfers
from Russia. According to Russian media, 10.1% of financial transfers
from Russia go to Armenia. The experts of Russian energetic and
financial institutes evaluated the situation increasing yearly, as this
figure was 615 million dollars in 2006 and rose to 700 million in 2007.

According to the Russian Central bank data, 36 billion dollars were
transferred by physical bodies through various transfer systems and
"Russian Post" to abroad.

Those sums were transferred particularly by non citizens of Russian
Federation. Uzbekistan, Tajikistan, Ukraine and Moldova are in the
list of transfer receiving countries.

According to the experts the final amount of the transfers were
recording, as it brought 50 billion dollars results to the country.