Armenia – Russia Trade Agreement

NameArmenia – Russia
MembersArmenia – Russia
Type of agreementBilateral Free Trade Agreement
Date of signatureSeptember 30, 1992
Current StatusOn-going
Key points1. 492,000 Russian tourists visited Armenia in 2018, 17% more than in 2017.
2. 21,609 Russian citizens reside in Armenia as of December 31, 2017.
3. Russia is the major foreign investor in Armenian economy, with the capital investments made since 1991 amounted at almost 4 billion US dollars.
4. The Russian main investments characterized by a diversified structure are directed into the sectors of energy, banking, mining, construction, communication and information technologies.

For more details, kindly check the link in references.
Annexehttps://wits.worldbank.org/GPTAD/PDF/archive/armenia-russia.pdf
References
1. Armenia – Russia Trade Agreement, accessed Novemeber 2020, https://www.mfa.am/en/bilateral-relations/ru

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