Russia plans to consolidate its "historical and allied relations with Armenia". Russian president Vladimir Putin has stated that today taking the credentials of Armenian ambassador to Russia Armen Smbatian. According to Putin, the matter concerns the development and political dialog and bilateral economic relation as well as the consolidation of cooperation within the frameworks of the CIS and other regional and international structures. The Russian president stressed the positive development of the bilateral relations in the economic sphere. According to him, "a good base for the future development of the economic contacts is being created ". "People in Russia are assured that such an approach completely agrees with the interests of our states and peoples and really will contribute to the consolidation of the stability and peace in Caucasus", the head of the Russian country stated.