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Russian exporters are looking towards Armenia

Russian exporters are looking towards Armenia
8 июля 2022 г.

Russian exporters are paying more and more attention to the Republic of Armenia, one of Russia’s strategically important partners. This was stated by the representative of the Russian Export Center in Armenia Vigen Enokyan during a pitch session with the trade representative of Russia at the international industrial exhibition INNOPROM in Yekaterinburg.

Vigen Yenokyan noted that Russia is Armenia’s leading trade partner. In 2021, the trade turnover between the two countries increased by 13% and amounted to almost $2.7 billion. According to the results of the first 4 months of 2022, the mutual trade turnover increased by 30%.

“Currently, quite comfortable conditions have been created in Armenia for Russian companies or companies with Russian participation. REC is ready to help domestic exporters in finding bona fide partners in Armenia, taking into account the needs of the local market, as well as offer credit guarantee and insurance products to support projects. A multi-industry business mission will be held in Yerevan in August, which will allow our companies to establish contacts with potential partners in Armenia. We urge you to take an active part in it,” said Vigen Enokyan, the representative of the REC in Armenia.

The representative of the REC also noted the prospects of using the infrastructures of the free economic zones of Armenia both to create new industries and to enter third countries.