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  • Putin Promises $1,5 Billion Investments

    AZG Armenian Daily #153, 25/08/2007


    Armenia-Russia relations

    PUTIN PROMISES $1,5 BILLION INVESTMENTS

    On August 23, Russian and Armenian presidents Vladimir Putin and
    Robert Kocharian met in Sochi (Russia). Vladimir Putin expressed his
    content with development of Armenian-Russian bilateral relations:
    increase in commodity turnover and allied cooperation in political
    sphere, "Novosti Armenia" agency informed.

    Russian President V. Putin assured of $1,5 billion Russian investments
    in the Armenian economy in 2007.

    In his turn, Robert Kocharian mentioned that Armenian-Russian
    relations develop in all directions: there is evident increase in
    investments, commodity turnover, military-technical and political
    cooperation.

    There is an evident development process of mutual relations, according
    to the Armenian president, and the Armenian side expresses its perfect
    willingness to contribute to that process.

    It's worth to mention that this kind of meetings between the Russian
    and Armenian presidents at the Russian president's residence "Bocharov
    Ruchey" in Sochi have become a tradition for the two presidents. As
    many politicians mention, those meetings aim to regulate bilateral
    relations of the two states: to give a new impetus and quality to
    them.

    It's the forth meeting of the presidents Putin and Kocharian this
    year; the second in Sochi.

    It's worth to mention, that if before we could say that the political
    issues were preliminary in the Armenian-Russian relations, today the
    situation has changed. The economic factor is a dominant issue in
    Armenia-Russia bilateral relations: over the first six months of 2007
    the trade turnover between the two countries increased by 70% and at
    the end of the year it will probably exceed $500 mln.

    Russia has become the Number One country with its investments in the
    Armenian economy ("Gasprom", "Vimpelcom", "Rusal" and other giant
    organizations).

    On the other hand, there are serious problems in political relations
    of these two states: the mass media of the two countries write about
    it from time to time.

    If the Russian politicians and experts do not hide their
    dissatisfaction at the Armenia-NATO developing relations, then we are
    not satisfied with the military relations of our military ally with
    Azerbaijan and Turkey.

    Anyway, according to the Russian media one of the main issues of the
    Kocharian-Putin meeting is the military-political relations between
    the two states. According to the analysts, being a member of
    Collective Security Treaty Organization (CSTO), Armenia wants to
    deepen the mutual military relations with Russia. It means that these
    meeting will take place with the motto "Deepening of bilateral
    military relations".

    In the background of the new developments in the region, the
    Armenian-Russian bilateral military relations have gained a new
    meaning and come from the interests of our country's national
    security.

    In this context, we can perceive the logic of the Armenia-NATO
    deepening relations.

    The meeting of the two presidents has also a symbolic meaning, as it
    takes place close to the date of the 10th anniversary of the
    Armenian-Russian friendship and cooperation strategic agreement (on
    August 29, 1997). This agreement became the basis of the
    Armenian-Russian wide-ranging military cooperation.

    By Armen Manvelian
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