Russian Foreign Minister Sergei Lavrov stressed that trade between Russia and Armenia could be conducted in other currencies, other than U.S. dollars.

This came during a press conference held on Friday, in Moscow, with his Armenian counterpart Ararat Mirzoyan,  after talks that took place between them on bilateral relations and a number of regional issues, according to RT.

“Last year, the trade volume between Russia and Armenia exceeded the level of $2.6 billion, perhaps we should carry out settlements in other currencies,” Lavrov said, noting that Russia remains Armenia’s leading trade and investment partner.

The minister added that Russia’s share of foreign trade exceeds 30%, as we were able to return trade turnover to a sustainable growth path last year after the recession caused by the pandemic.