In 2005 the volume of commodity turnover between Yerevan and Saint Petersburg has increased with 15%. However, according to Governor of Saint Petersburg Valentina Matvienko, the current volume of economic cooperation that amounted in $9 million does not meet the potential of the sides. "We came to develop cooperation with Yerevan. Cultural workers and businessmen, who will meet with their Armenian colleagues to discuss prospect of cooperation, serve on our delegation. People of Petersburg feel nostalgia for Armenian culture ", she said.