YEREVAN, October 1. / ARKA /. Russia’s transport minister Maxim Sokolov and Armenia’s prime minister Tigran Sargsyan signed on Tuesday a program of long-term economic cooperation between the two countries for the period up to 2020.
"Armenia-Russian relationships are broadening and deepening. Trade is growing with Armenian exports to Russia having increased by more than 20 percent over the last two years,” Sargsyan was quoted as saying by RIA Novosti news agency after the signing ceremony.
Russia and Armenia also signed the protocol of the 15th meeting of their intergovernmental commission on economic cooperation. Sokolov said the meeting discussed all the ongoing joint projects. In particular, both sides reviewed a plan of actions designed to extend the service life of the Armenian nuclear power plant and discussed the possibility of speeding up the opening of a branch of Moscow State University in Armenia.
Tigran Sargsyan said that Russia and Armenia share a common vision of their common future. He added that a mechanism was created to minimize the costs stemming from the fact that Armenia has no common border with a Customs Union member country. -0-