Russia plans to invest 1 billion dollars into Armenia’s economy

15:02,

YEREVAN, OCTOBER 19, ARMENPRESS. Russia is going to invest 1 billion dollars into Armenia’s economy in the near future, Deputy minister of economic development Dmitry Volvach told reporters in Yerevan on the sidelines of the Armenian-Russian Interregional Forum.

“The trade turnover restoration rates between our countries in 2021 are not bad, 17%. This is in case when we had a 4% decline in the pandemic year. Our cooperation is developing in the field of investments, over 2.2 billion dollars jointly collected investments from Russia to Armenia. We know that there are concrete programs worth 1 billion dollars which will soon be invested into the economy of Armenia”, the Russian deputy minister of economic development said.

He added that the investments will be very important for the development of economic, social and cultural relations between Armenia and Russia.

Editing and Translating by Aneta Harutyunyan

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS