Russia to Double Investments in Armenia

Translation: Russia will buy up more of Armenia!

"Today, the volume of Russia's accumulated investments in Armenia makes up 800 million dollars. But three Russian companies - VympelKom, Rusal and Gazprom are planning investments and already investing," he added.

"It will double the volume of investments to 1.5 billion dollars in the nearest future," Putin stated.

"Other companies also display an interest in working on the Armenian market. It instills optimism," he added

Alone Vympelcom's investments will make up 490 million dollars," the Russian president noted.

Hooray for capitalism! While increased investment is always a good thing, we should stop to realize the potential consequences of so much Russian money in a tiny country like Armenia.

Source: Itar-Tass