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Armenia PM To Moscow To Discuss Cooperation Issues

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  • Armenia PM To Moscow To Discuss Cooperation Issues

    ARMENIA PM TO MOSCOW TO DISCUSS COOPERATION ISSUES

    ITAR-TASS News Agency, Russia
    September 24, 2007 Monday

    Armenian Prime Minister Serzh Sarkisyan is beginning an official visit
    to Moscow to discuss a broad spectrum of issues of Russian-Armenian
    cooperation in the political and economic spheres.

    He will meet Russian Prime Minister Viktor Zubkov, hold talks on
    various aspects of bilateral relations and give a press conference
    at Itar-Tass.

    It is the first visit to Russia paid by the current Armenian cabinet
    head who was appointed for the post in April. Sarkisyan retained
    the post of the head of the Armenian part of the intergovernmental
    commission on economic cooperation between Russia and Armenia.

    The two countries' cooperation is developing on the bilateral
    and multilateral basis. Armenia, the same as Russia, is for the
    strengthening of the Commonwealth of Independent States (CIS) and a
    member of the Collective Security Treaty Organisation (CSTO).

    Russia and Armenia have become reliable economic partners that found
    reflection in their treaty "on long-term economic cooperation for
    the period up to 2000,"signed in September 2001 by Russian President
    Vladimir Putin and Armenian President Robert Kocharyan.

    Russia today is the main trade partner of Armenia. Russia's Exports
    to the country are mainly nuclear fuel and equipment supplies for
    the Armenian nuclear power plant, energy resources, machinery and
    equipment. Food products, raw materials, unprocessed aluminium, as
    well as liquors and semi-precious stones and metals prevail in the
    structure of Russian imports from Armenia. About 70 Russian regions
    are maintaining bilateral economic relations with Armenia.

    The volume of trade turnover between Russia and Armenia has doubled
    and may exceed 0.5 billion US dollars by the end of the year, Russian
    Acting Transport Minister Igor Levitin who heads the Russian part of
    the intergovernmental cooperation commission said in Armenia last
    week. He stated that Russian investments in the Armenian economy
    have also increased. In the first half of the year they amounted to
    74 million dollars.

    The lack of direct transport service between the two countries is
    the main obstacle to the development of Russian-Armenian economic
    cooperation. The Abkhazian section of the railway between Russia and
    Armenia is closed, therefore the main part of cargoes from Russia
    to Armenia is transported via the Black Sea through the Georgian
    Poti port and then by railway. Measures are currently being taken to
    increase the load on the Kavkaz-Poti ferry service.
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