Russia to provide Armenia with $700,000 assistance

Russia to provide Armenia with $700,000 assistance

YEREVAN, April 2. / ARKA /. Russia will provide Armenia with $700,000 assistance this year through the United Nations Industrial Development Organization (UNIDO), the Russian foreign ministry said today in a statement. It said the money will be used to boost Armenia’s industrial output.

The Russian foreign ministry said the funds will be used to implement a project designed to improve the competitiveness of export- oriented industries in Armenia by modernizing and expanding access to markets.

Russia said this assistance ‘confirms the readiness of Russia to support the friendly nation of Armenia to ensure its sustainable socio- economic development." - 0 -

17:03 02.04.2014

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