Armenia's trade turnover with Russia in 2023 has already exceeded $3 bln. - Pashinyan

YEREVAN, August 24. /ARKA/. The Armenian-Russian trade soared last year to $5 billion, Armenian PM Nikol Pashinyan told his visiting Russian counterpart Mikhail Mishustin today, adding also that the bilateral trade has already exceeded $3 billion this year.

Mishustin has arrived in Armenia to participate in the Eurasian Intergovernmental Council in Tsakhkadzor.

"I hope that by the end of this year we will surpass last year's figure. We also have very strong and robust relations. And I am sure that our cooperation will remain effective," Pashinyan said.

In his turn, the Russian Prime Minister said he was pleased to note the strengthening of Russia's trade and economic ties with Armenia, the growth of trade turnover, attributing this to Armenia’s membership in the Russian-led Eurasian Economic Union (EEU).

"We continue cooperation in energy, peaceful nuclear industry, mining and transportation logistics. There are a number of high-tech projects. I think that our business missions, which regularly arrive in Armenia, have a very good impact on the overall economic development. We propose to intensify the work in all directions with the focus on innovation projects," Mishustin said.

According to the Armenian National Statistical Committee, the trade turnover between Armenia and Russia in the first half of 2023 amounted to about $3.1 billion, surging by 87.3% year-on-year. Armenian exports to Russia amounted to about $1.7 billion, increasing 3-fold, while imports amounted to $1.4 billion with a 28.6% growth. -0-