Russia urges Armenia to accelerate joint work on investment projects: PM

Tsaghkadzor, Armenia, (UNI) Russia is seeking the acceleration of work on joint investment projects with Armenia in various areas of cooperation and calling for the expanded use of national currencies in mutual trade, Russian Prime Minister Mikhail Mishustin said on Thursday.

“We propose the acceleration of work in all our joint directions in the field of investment projects and economic development. It is also extremely important [for us] to keep expanding the use of national currencies in our common projects in mutual trade. I am sure this will contribute to the growth of trade and diversification of the structure,” Mishustin said during a meeting with his Armenian counterpart, Nikol Pashinyan, in the Armenian town of Tsaghkadzor.

The two countries have been actively developing cooperation in the energy sector, peaceful atom, mining industry and transport logistics, the Russian prime minister stated, adding that Moscow valued friendship, partnership and allied relations with Yerevan.

“Despite the difficult foreign economic situation, as you [Pashinyan] said, Russian trade and economic ties with Armenia are growing stronger, trade is growing, and we are pleased with this fact. There is, in particular, the [positive] effect of Armenia’s participation in the Eurasian Economic Union,” Mishustin said.

The meeting of the two prime ministers took place on the eve of an extraordinary session of the Eurasian Intergovernmental Council. The session will be held later on Thursday in the Armenian town of Tsaghkadzor. Member states of the Eurasian Economic Union are scheduled to discuss Eurasian integration and cooperation, the Armenian government said on Wednesday.

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