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Economic Ties Major Factor For Strengthening Of Russian-Armenian Rel

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  • Economic Ties Major Factor For Strengthening Of Russian-Armenian Rel

    ECONOMIC TIES MAJOR FACTOR FOR STRENGTHENING OF RUSSIAN-ARMENIAN RELATIONS IN 2008

    PanARMENIAN.Net
    06.03.2009 20:09 GMT+04:00

    /PanARMENIAN.Net/ In 2008 Russian-Armenian partnership relations
    tended to develop dynamically. The election processes of 2008 in
    neither country had any full effect on bilateral political contacts,
    as is said in the RF Foreign Ministry review of 2008 on the activities
    of Diplomatic and Domestic Politics.

    Within the framework of promoting a top-level dialogue, the presidents
    of both countries had six meetings, the country leaders paid mutual
    working visits. The critical development of the situation in the
    Caucasus proved the importance of strengthening Armenian-Russian
    strategic cooperation in order to guarantee stability and security
    in the region, as is recorded in the RF Foreign Ministry act.

    According to the review, military, humanitarian, and inter-regional
    contacts improved in 2008. Economic relations become the leading
    factor in promoting all kinds of Russian-Armenian relationship in 2008.

    The commodity turnover between RF and RA increased by 19.9% in
    January-October, 2008 and made $749,2m. "Russia became the main
    counter-agent in Armenia. The accumulated amount of capital investment
    in the Economy of Armenia, which by the end of the year was exceeded
    by 1,8 billion dollars, proved Russia's leading status among the
    foreign investors. "

    The joint gas and energy projects, the collaboration in the field
    of atomic energy were successfully carried out. "Russia and Armenia
    collaborated effectively on the issues of reforms and on the effective
    functioning of CIS, on strengthening the coordination activities
    within the framework of OCST," as is said in the RA Foreign Ministry
    review of activities of 2008.
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