Russia is Armenia's Number One Trade Partner; Kerobyan Forecasts Up to 60% Growth in Trade

Armenia and Russia's trade volume could reach a 60% increase by the end of the year. This was announced by Armenia's Minister of Economy Vahan Kerobyan during the Innoprom-2023 exhibition held in Yekaterinburg.

“Last year, our trade with Russia amounted to over $5 billion. We are currently experiencing a level of doubling growth. I believe we will achieve a 50-60% increase by the end of the year,” said Kerobyan.

The minister emphasized that Russia is Armenia's “number one trade partner.” Kerobyan also added that trade with EAEU countries has also doubled.