Time in Yerevan: 11:07:36,   3 December

Pashinyan highlights Russia’s central place and role in Armenia’s economy

Pashinyan highlights Russia’s central place and role in Armenia’s economy

YEREVAN, OCTOBER 19, ARMENPRESS. Prime Minister of Armenia Nikol Pashinyan addressed a message at the opening of the Armenian-Russian Interregional Forum, his Office said.

In his remarks the PM said that interregional forums have a history of ten years. “They have become one of the important institutions of cooperation within the framework of the allied relations between our two countries. The Armenian-Russian interregional cooperation, which is based on about two dozens of agreements, covers a really wide geography. It includes almost all regions of Armenia and the administrative units located in the most diverse corners of the Russian Federation, including the Oblasts of Leningrad, Orenburg, Yaroslavl, Omsk, Ulyanovsk, Arkhangelsk, Rostov and Vologda. The existence of these ties is one of the bright manifestations of the exceptional relations between our two countries”, the PM said.

He stated that Russia not only plays a key role in maintaining peace and stability in the region, but also plays a central role in Armenia’s economy. “Russia is Armenia's leading trade partner. In 2019, our trade turnover exceeded the threshold of $ 2.0 billion, while this year we have already recorded a double-digit trade growth.

Russia is also a leader in terms of investments in Armenia, and has an exceptional role in the development of our country's infrastructure. Among the recent investments, it is necessary to point out the technology transfer for the release of the Sputnik Light Vaccine, which is particularly important for our country in the light of the fight against the pandemic.

The level of economic cooperation between our countries corresponds to the requirements stemming from the nature of the allied relations, but it does not mean fixing a static situation, on the contrary, it requires constant work, development and improvement”, Pashinyan said.

According to him, the world is changing rapidly, and the relations between Armenia and Russia must meet the demands coming from those changes. “We need to improve our economic relations so that they contribute to the development of competitive economies in our countries. In the context of what I said, we highlight the further rapprochement and mutual integration of our economies, which should be based on the free movement of goods, services, labor and capital. The Eurasian Economic Union, in turn, serves that strategic goal, and we are interested in strengthening that structure and improving its institutions. The imperative of diversification of our economic ties is also obvious”, he said.

The Armenian PM also emphasized that in addition to the traditional areas, it is necessary to find ways to further develop cooperation in the fields of high technology, innovation and knowledge-based economic sectors. He is convinced that today's event is one of the tools that best serves the above goals.








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