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Russia remains Armenia’s main trading partner

armenpress.am4 hours ago
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Russia remains Armenia’s main trading partner

Russia continues topping the list of Armenia’s main trading partners in 2019, Russia’s commercial representative to Armenia Andrei Babko told a news conference.

In January-September, trade with Russia comprised 27% of Armenia’s total turnover. The 2nd largest trading partner of Armenia is China, followed by Switzerland, Germany and Iran.

“Mostly there are no changes in the trade turnover structure with Russia: agricultural products, reprocessed goods, natural gas, agricultural equipment and others. I would like to underscore that Armenian products are competitive in our market in terms of price and quality,” Babko said.

In terms of investments, Andrei Babko said Russian companies are among the primary investors. According to him, 43,6% of the total investments in January-September are Russian investments.

Babko said Russian companies are willing to make investments in supplying ...

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