Russia Remains Armenia's Most Important Economic Friend

Russia is important to Armenia in almost every possible way, which is no wonder it is the closest of all the former states.

Russia remains Armenia's major trade and economic partner of Armenia.
According to the 2006 annual report of Armenia's Minister of Foreign Affairs Vardan Oskanyan, Armenian-Russian commodity turnover totaled $376.9mln in January-November 2006; $300mln in 2005.

And that is your economic news for the day!

Source: Arka