Russia says trade with Armenia has decreased 'significantly'

Armenia-Russia trade has decreased, according to Russian Deputy Prime Minister Alexey Overchuk.

According to the Russian RIA Novosti state news agency, Overchuk said that he expects the trade turnover by yearend to decrease twice compared to the previous year.

“Trade has dropped significantly. We expect it to drop twice at yearend, compared to the previous year. Last year trade stood at 12,4 billion dollars, but this year it will be around 6 billion dollars, or maybe a bit more,” he said, according to RIA Novosti.