Armenia reports sharp increase in trade with Russia

Trade between Armenia and Russia reached $3.7 billion in January-July 2023, Armenian Minister of Economy Vahan Kerobyan said, Report informs via Interfax.

"The trade between Armenia and Russia is growing. During the first seven months of the year, the trade made $3.7 billion. This is 79% more than last year. Exports from Armenia made $2 billion and exports from Russia made $1.7 billion of the total volume of trade," Kerobyan said at a meeting with Russian Minister of Economic Development Maxim Reshetnikov.

Kerobyan said the countries intend to further increase cooperation in various spheres.