SERZH SARGSYAN: PRESENT LEVEL OF ARMENIAN-RUSSIAN ECONOMIC RELATIONS IS IMPRESSIVE BUT IT YIELDS TO POLITICAL INTERACTION

ArmInfo
2008-10-21 15:25:00

ArmInfo. The present level of Armenian-Russian economic relations
is impressive but it yields to political interaction, President of
Armenia Serzh Sargsyan said at a joint press conference with his
Russian counterpart Dmitry Medvedev in Yerevan Tuesday. He said it
is time for large-scale projects in the economic cooperation with
Russia. Serzh Sargsyan said that the Armenian-Russian top leadership
discussed the construction of a new nuclear power plant in Armenia,
a new railway and other projects.

The commodity turnover of the two states will exceed 1 billion dollars
for the current year. There are over 1.2 thousand plants with Russian
capital in Armenia. It is a serious figure for the not large economy
of Armenia, Serzh Sargsyan said.

For his part, Russian president said the Russian-Armenian economic
relations are impressive now but they have a tendency of yielding to
political ties. , Dmitry Medvedev said.

From: Emil Lazarian | Ararat NewsPress