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Decade-long alliance of Moscow and Yerevan

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  • Decade-long alliance of Moscow and Yerevan

    Agency WPS
    What the Papers Say Part B (Russia)
    August 24, 2007 Friday


    DECADE-LONG ALLIANCE OF MOSCOW AND YEREVAN

    Vladimir Kuzmin

    President Putin meets with President Kocharian of Armenia;
    Russian-Armenian cooperation is moving into high gear. Trade turnover
    in the first six months of 2007 amounted to $337 million. President
    Vladimir Putin received his Armenian counterpart, Robert Kocharian,
    in Sochi yesterday.


    Meetings between presidents of Russia and Armenia are regular, and
    have been for years now. Armenian President Robert Kocharian visits
    President Vladimir Putin whenever the latter comes to Sochi
    (exceptions are extremely rare).

    "This particular meeting is quite important. The basic
    Russian-Armenian Friendship and Cooperation Treaty will soon be ten
    years old," Putin said. Indeed, the document in question provided the
    foundation for all contacts between our countries.

    "Trade turnover between the Russian Federation and the Republic of
    Armenia is growing," Putin continued. "I'm not even talking of
    political relations. There is only one definition for them - they are
    relations between allies."

    Kocharian was anxious to support his host. "Relations in all fields,
    from trade turnover to military technology cooperation and political
    cooperation, are developing steadily," he said. Kocharian admitted
    that he would like to have bilateral relations discussed at the
    meeting and promised aid and assistance to their advancement on his
    part.

    Russian-Armenian cooperation is indeed moving into high gear. Trade
    turnover in the first six months of 2007 amounted to $337 million (a
    70% rise against that shown in the same period of 2006). Moscow and
    Yerevan confidently expect it to exceed $500 billion by the end of
    the year.

    Moscow remains Yerevan's principal investment partner. Russia
    invested sum total of $800 million in the Armenian national economy
    these last fifteen years. The Russian-Armenian cooperation in the
    energy sector, for example, stipulates investment of $500 million in
    Armenia by Gazprom alone before 2008. Russian capitals are involved
    in all sorts of projects in Armenia including development of the
    Razdan Hydroelectric Power Plant, construction of a refinery,
    modernization of railroads and transport infrastructure.

    Establishment of the International Center for Uranium Enrichment in
    Angarsk added momentum to the development of Russian-Armenian
    cooperation in the field of nuclear energy. Armenia became one of the
    first countries to join the project. Russia and Armenia set up a
    joint venture that will survey and develop uranium deposits in
    Armenia.

    Source: Rossiiskaya Gazeta, August 24, 2007, p. 2

    Translated by A. Ignatkin

    From: Emil Lazarian | Ararat NewsPress
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