  Russia expects Armenia trade to halve by year-end September 4, 2025 - 18:51 AMT PanARMENIAN.Net - Russia expects a sharp decline in trade volume with Armenia by the end of the year, according to Russian Deputy Prime Minister Alexei Overchuk, who made the statement at the Eastern Economic Forum in Vladivostok, reports TASS. “As for trade between Russia and Armenia, it has already significantly decreased, and we expect it will drop by half by the end of the year compared to last year. That is, if last year it amounted to $12.4 billion, this year it will likely be around $6 billion, maybe a bit more,” Overchuk emphasized.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
