"Commodity turnover has considerably increased but I would like it to amount to billions not millions," Serzh Sargsyan said at a meeting with his Russian counterpart Dmitry Medvedev, who welcomed the idea.

President Medvedev informed that Russian investments in Armenia totaled $1.2 billion, a serious figure for the trade and economic cooperation.

The Presidents also discussed bilateral cooperation and some complicated issues, including the Nagorno Karabakh conflict.