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Russia to invest $1 billion in Armenia, says deputy minister

Christian Fernsby |
Russia plans to invest $1 billion in the Armenian economy in the near future, Deputy Minister of Economic Development of the Russian Federation Dmitry Volvach said at a press briefing on Tuesday on the sidelines of the Eighth Armenian Russian Interregional Forum in Yerevan, TASS said.

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He said the Russian-Armenia trade was recovering very well having grown this year by 17%, despite falling by almost 4% in the pandemic year. He said also that the overall Russian investments in Armenia have surpassed $ 2.2 billion.

'We know that there are concrete projects worth more than one billion US Dollars, which will soon be injected in the Armenian economy," he said.


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