Putin announced Russia's trade turnover with Armenia at $2.5 billion, while Pashinyan pointed to problems
02.09.2026,
10:13
Russia is Armenia's main trade and economic partner, with a share of approximately 30%. Trade turnover in the first half of this year amounted to $2.5 billion, Russian President Vladimir Putin stated at a meeting with Armenian Prime Minister Nikol Pashinyan in Bishkek.
YEREVAN, September 2. /ARKA/. Russia is Armenia's main trade and economic partner, with a share of approximately 30%. Trade turnover in the first half of this year amounted to $2.5 billion, Russian President Vladimir Putin stated at a meeting with Armenian Prime Minister Nikol Pashinyan in Bishkek.
"Mutually beneficial projects are being implemented in industry, agriculture, mining, peaceful use of nuclear energy, transport, and the digital economy. Russian companies are the largest taxpayers in Armenia's budget, creating jobs, transferring modern technology, and strengthening the country's energy security," he emphasized.
Pashinyan, in turn, noted that many Russian companies operate very successfully in Armenia, earning high profits and paying taxes.
However, he said, these companies should be divided into two groups. "Companies that are successful, that is, they are profitable and growing. But there are also companies that, unfortunately, are unprofitable and are not growing. And this is a problem, I think, for both Armenia and the Russian Federation. We need to examine and discuss these issues, these nuances, too," he said.
According to Armstat, foreign trade turnover between Armenia and Russia in the first half of 2026 amounted to $2.63 billion, a decline of 20.9% compared to the first half of 2025. Exports during the reporting period decreased by 4.2% to $1.22 billion, while imports fell by 30.6%, reaching $1.47 billion.
"Mutually beneficial projects are being implemented in industry, agriculture, mining, peaceful use of nuclear energy, transport, and the digital economy. Russian companies are the largest taxpayers in Armenia's budget, creating jobs, transferring modern technology, and strengthening the country's energy security," he emphasized.
Pashinyan, in turn, noted that many Russian companies operate very successfully in Armenia, earning high profits and paying taxes.
However, he said, these companies should be divided into two groups. "Companies that are successful, that is, they are profitable and growing. But there are also companies that, unfortunately, are unprofitable and are not growing. And this is a problem, I think, for both Armenia and the Russian Federation. We need to examine and discuss these issues, these nuances, too," he said.
According to Armstat, foreign trade turnover between Armenia and Russia in the first half of 2026 amounted to $2.63 billion, a decline of 20.9% compared to the first half of 2025. Exports during the reporting period decreased by 4.2% to $1.22 billion, while imports fell by 30.6%, reaching $1.47 billion.
