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Ivanov Hails Stronger Russian-Armenian Trade, Econ Cooperation

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  • Ivanov Hails Stronger Russian-Armenian Trade, Econ Cooperation

    IVANOV HAILS STRONGER RUSSIAN-ARMENIAN TRADE, ECON COOPERATION

    ITAR-TASS News Agency, Russia
    April 11, 2007 Wednesday

    Russian First Deputy Prime Minister Sergei Ivanov has hailed stronger
    trade and economic relations between Russia and Armenia.

    "There cannot be relations, moreover between friends, without
    problems. There is the shortage of contracts for some Russian
    enterprises in Armenia, but I want to point to upward trends in
    bilateral trade and economic cooperation," he told a joint news
    conference with participation of Armenian Prime Minister Serzh
    Sarkisian on Wednesday.

    The bilateral trade that increased by 70-80 percent of late proves
    these trends.

    "Russia stably ranks first in the influx of foreign investments in
    Armenia's economy. At our today meeting Armenian President Robert
    Kocharian said what is more pleasing is that not ethnic, but economic
    investments grow," Ivanov said.

    "This concerns energy, including nuclear one, transport and
    communications, mainly mobile one. These are areas that account for
    highest investments in Armenia's economy," he said.

    "Of course, we have problems, and we do not evade them, but resolve
    them," Ivanov said.
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