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"Armenia and Russia have no problems with economic cooperation," stated Overchuk

Overchuk
Arshaluis Mgdesyan
08.05.24 22:55
21

Economic cooperation between Moscow and Yerevan is developing at a good pace, with no problems in this area," noted Acting Deputy Prime Minister of the Russian Federation Alexey Overchuk in a conversation with journalists, as reported by TASS.

"Armenia is a member of the EAEU. You heard today's speech by Nikol Pashinyan, who is inclined towards constructive work within the EAEU," he reminded, speaking about the prospects of further cooperation with Armenia.

"The volume of our trade continues to grow at a very high pace. Everything is fine with economic cooperation here," emphasized Overchuk. "Economically, we are on a normal course," he added, responding to a relevant question.

BMG reported that Russia maintains its leadership in Armenia's foreign trade turnover, with a volume exceeding $7.3 billion in 2023. In January-March of the current year, the trade turnover with Russia increased by 2.4 times, amounting to $3.7 billion in monetary terms.

Meanwhile, Armenian-Russian relations are experiencing a crisis. Against the backdrop of growing tensions in relations, Armenia informed Russia through official channels of the need to withdraw Russian border guards from the Zvartnots Airport in Yerevan, which became another twist exacerbating bilateral contradictions.