Russia's trade with Armenia projected to be reduced by half in 2025 - Overchuk
04.09.2025,
14:06
Russia anticipates that its trade with Armenia will be cut in half by the end of the year in comparison to 2024, Russian Deputy Prime Minister Alexei Overchuk said during a press briefing at the Eastern Economic Forum (EEF), as reported by TASS.
YEREVAN, September 4. /ARKA/. Russia anticipates that its trade with Armenia will be cut in half by the end of the year in comparison to 2024, Russian Deputy Prime Minister Alexei Overchuk said during a press briefing at the Eastern Economic Forum (EEF), as reported by TASS.
"Regarding the trade relations between Russia and Armenia, there has been a notable decline, and we foresee that by the year's end, it will be halved relative to last year. Specifically, if last year's figure was $12.4 billion, this year it is likely to be around $6 billion, perhaps slightly more," the Deputy Prime Minister remarked.
As per Armstat, the trade turnover between Armenia and Russia in the first half of 2025 reached $3.4 billion, reflecting a 54.8% decrease compared to the first half of 2024. Concurrently, exports during this period fell by 6.2% to $1.3 billion, while imports from both the exporting nation and the receiving country dropped by 65.5% to $2.1 billion.-0-
"Regarding the trade relations between Russia and Armenia, there has been a notable decline, and we foresee that by the year's end, it will be halved relative to last year. Specifically, if last year's figure was $12.4 billion, this year it is likely to be around $6 billion, perhaps slightly more," the Deputy Prime Minister remarked.
As per Armstat, the trade turnover between Armenia and Russia in the first half of 2025 reached $3.4 billion, reflecting a 54.8% decrease compared to the first half of 2024. Concurrently, exports during this period fell by 6.2% to $1.3 billion, while imports from both the exporting nation and the receiving country dropped by 65.5% to $2.1 billion.-0-
