YEREVAN, JANUARY 24, ARMENPRESS. Russia and Armenia consider creating an Investment Cooperation Fund, Russian PM Dmitry Medvedev told a press conference after the meeting with Armenia’s PM Karen Karapetyan in Moscow.

“We discussed several directions of cooperation, of course also investment cooperation. There is an idea on creating a fund for realizing those goals. We agreed to task agencies to analyze the possibility of forming such a fund aimed at investment cooperation, and of course obtaining financing sources”, Medvedev said.

Four bilateral documents have been signed during the official visit of Armenia’s Prime Minister Karen Karapetyan to Russia. The documents include changes in the agreement on visa-free mutual visits of citizens.

The Government of Armenia ratified the draft on making changes in the visa-free regime deal with Russia in January, which enables Russian citizens to travel to Armenia with internal passports of Russia. This decision aims at boosting tourism. Deputy Minister of foreign affairs Shavarsh Kocharyan had announced corresponding domestic procedures will be finalized by summer.

In addition, a memorandum of cooperation and the 2016-2021 inter-regional cooperation program have been signed between the ministry of industry and trade of Russia and the ministry of economic development and investments of Armenia.

The ministry of energy infrastructures and natural resources of Armenia signed a protocol with Rosatom on exchange of information and increasing cooperation in the field of nuclear safety.