Putin Noted High Economic Effect of Armenia’s Integration with EAEU
Russian President Vladimir Putin has noted the high economic effect of Armenia’s integration with the Eurasian Economic Union (EAEU), reports TASS.
“Armenia for us is a strategic partner in the Caucasus and we systematically build our relations of alliance along the most sensitive lines and in the international scene, the CIS space first and foremost,” Putin said during narrow format negotiations with his Armenian counterpart Serzh Sargsyan on August 10.
“Incidentally, I was very pleased to see that and I would like to congratulate you. I’ve taken a look at last year’s statistics. Since Armenia joined the EAEU your GDP has grown 10%,” Putin said.
He believes this is a very positive sign. Putin voiced the hope that the positive trend will be maintained. Sargsyan said that in January-June 2016 Russian-Armenian trade was up 12% and commodity export to Russia reached a record-high.
He attributed the growth to Armenia’s accession to the EAEU. Sargsyan said his country had no major problems in bilateral relations with Russia.
