ARMENIAN, RUSSIAN PRESIDENTS STRIVING FOR BILLION-DOLLAR TRADE TURNOVER

ARKA
June 24
YEREVAN

The presidents of Russia and Armenia both plan to increase bilateral
trade turnover to billion dollars in the coming two years, RIA
Novosti reports.

Armenia-Russia trade turnover exceeded $0.8bln last year. According to
Medvedev, Russia has invested some $1.2bln in Armenia’s economy. He
believes this can serve a good basis for bilateral trade-economic
cooperation.

Armenian and Russian presidents met today in Kremlin to discuss
bilateral economic and political cooperation issues, as well as the
Karabakh conflict settlement.

The Russian leader suggested that they focus on trade-economic issues.

Medvedev approved of the dynamic development of Armenian-Russian
economic cooperation. In his turn, RA President Serge Sargsian
assured his Russian counterpart that bilateral relations will become
closer.