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MIL OSI Translation. Region: Russian Federation –

On December 22 in the Republic of Armenia (Yerevan) a regular, 20th meeting of the Intergovernmental Commission on Economic Cooperation between the Russian Federation and the Republic of Armenia took place.

Meeting of Deputy Prime Minister of Russia Alexei Overchuk and Prime Minister of the Republic of Armenia Nikol Pashinyan before the 20th meeting of the Intergovernmental Commission on Economic Cooperation between the Russian Federation and the Republic of Armenia

Before the meeting, Deputy Prime Minister of the Russian Federation Alexei Overchuk was received by the Prime Minister of the Republic of Armenia Nikol Pashinyan, with whom he discussed the results of bilateral trade and economic cooperation in 2021 and the prospects for its development. The parties emphasized the comprehensive efforts being made to strengthen economic relations and investment cooperation. The growth of trade turnover and the existing potential for intensifying ties between the regions and expanding the dialogue between the business circles of the two countries were noted. During the conversation, Alexey Overchuk and Nikol Pashinyan exchanged views on the work of the trilateral Working Group under the joint chairmanship of the Deputy Prime Minister of the Republic of Azerbaijan, Vice Prime Minister of the Republic of Armenia and Deputy Prime Minister of the Russian Federation and the prospects for the restoration of transport communications in the South Caucasus region.

The meeting of the Intergovernmental Commission was held under the joint chairmanship of Deputy Prime Minister of the Russian Federation Alexey Overchuk and Vice Prime Minister of the Republic of Armenia Mher Grigoryan.

The parties discussed a wide range of issues of trade and economic interaction, paying special attention to cooperation in the field of industry, transport, education, digitalization, in the fuel and energy sector.

During the meeting, the sides noted the progressive strengthening of the juridical base of bilateral relations. In 2020-2021, a number of new agreements were signed on various issues of bilateral interaction, including an intergovernmental agreement on cooperation in the field of mass communications, a Memorandum of Understanding and Cooperation in the field of competition policy, an intergovernmental Memorandum of Understanding on biological security. About 20 draft agreements and other documents are in varying degrees of readiness.

On September 20 and October 18-19, 2021, business missions of Russian economic operators with the participation of more than 40 companies were sent to Yerevan.

“Russia, as before, remains the leading trade partner of Armenia. In January – October 2021, the trade between the Russian Federation and the Republic of Armenia amounted to USD 2.1 billion, an increase of 9.3% compared to the same period in 2020. Armenia is a traditional supplier of agricultural products and light industry goods. Russia continued to increase the supply of vehicles, industrial equipment and mineral products, ”said the Deputy Prime Minister of Russia.

Speaking about the development of investment cooperation, Alexey Overchuk stressed that the total volume of accumulated Russian investments is almost 40% of the total volume of foreign investments in the economy of the Republic of Armenia. More than 40 large Russian companies operate in Armenia.

“Our country is interested in more actively developing mutual trade and investment. Russian business can offer effective solutions for the development of transport, energy, social infrastructure, and the digital economy, ”said the Deputy Prime Minister.

To intensify trade and economic cooperation, a draft Intergovernmental Program for Long-Term Economic Cooperation between Russia and Armenia until 2025 has been prepared. An agreement was reached to sign it by the end of the 1st quarter of 2022.

The parties also stressed the importance of developing interregional cooperation between the Russian Federation and the Republic of Armenia.

“In order to expand ties between the regions of the two countries, strengthen business contacts, create joint ventures and intensify investment dialogue, consolidate this work on one platform, the Russian side came up with an initiative to create a Russian-Armenian Business Council,” Alexei Overchuk said.

The initiative found support from the Republic of Armenia and was recorded in the final minutes of the IGC meeting.

Separately, the holding of the eighth Russian-Armenian interregional forum was noted as a platform for discussing topical issues of bilateral cooperation between Russia and Armenia.

The Deputy Prime Minister noted that in order to develop interregional ties, the Program of Interregional Cooperation between the Governments of the two countries for 2022-2027 was jointly developed and prepared for signing. The practical implementation of this document will be support for joint interregional projects and projects in the trade and economic sphere, industry, health care, culture, education, environmental protection and tourism.

Along with other components of Russian-Armenian relations, the importance of developing ties in the spheres of education, science, culture and art was emphasized during the meeting.

In furtherance of the agreements reached between the President of the Russian Federation and the Prime Minister of the Republic of Armenia, the parties are taking measures to improve the cultural, linguistic and educational components of cooperation, including increasing the number of Russian schools in Armenia and expanding contacts between universities and scientific organizations.

In 2022, the countries will celebrate the 30th anniversary of the establishment of diplomatic relations and the 25th anniversary of the basic Treaty of Friendship, Cooperation and Mutual Assistance. It is planned to exchange visits at various levels and hold cultural and humanitarian events, including the Days of Armenian Culture in Russia.

Following the meeting, the final protocol of the 20th meeting of the Intergovernmental Commission on Economic Cooperation between the Russian Federation and the Republic of Armenia was signed.

The parties also signed an action plan for the implementation of the Memorandum of Understanding between the Ministry of Sports of the Russian Federation and the Ministry of Education, Science, Culture and Sports of the Republic of Armenia and a program for 2022-2023 on the implementation of the Memorandum of Cooperation in the field of environmental protection between the Ministry of Natural Resources and Ecology of the Russian Federation. Federation and the Ministry of Nature Protection of the Republic of Armenia.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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