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Volume of Russia-Armenia trade reaches $4.4 bln over 9 months

The share of the Russian ruble in settlements between companies of Armenia and Russia in 2023 reached 90.3%

YEREVAN, December 15. /TASS/. Trade turnover between Armenia and Russia for 9 months of 2023 increased by 43.5% and amounted to $4.4 bln, Russian Deputy Prime Minister Alexey Overchuk said on Friday.

"Russia is Armenia’s leading trading partner, which is confirmed by trade indicators. For 9 months of 2023, we exceeded the previous year’s indicators by 43.5% and reached a volume of $4.4 bln. At the same time, we have now almost reached parity in our trade and we achieved good results in agricultural products’ supplies," he noted.

At the same time, the share of the Russian ruble in settlements between companies of Armenia and Russia in 2023 reached 90.3%, Overchuk said.

"I would like to note that the main settlements between Russian and Armenian economic operators are made in Russian rubles and the share of the Russian ruble in settlements reached 90.3%. This is a very good and important indicator that allows us to cooperate quite effectively and develop our trade and economic ties," he noted.

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Armenia Trade & Cooperation

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