The Armenian-Russian investment fund will be established in the coming months, the economic development and investment minister Suren Karayan said today, Arka news agency reports.
It was Armenian Prime Minister Karen Karapetyan who proposed that an Armenian-Russian investment fund to be set up with a view to funding Armenia’s priority economic sectors.
According to the Armenian government, the Russian side positively assessed the proposal.
Speaking to local reporters today, Suren Karayan said the main purpose of the fund is financing and investment in sectors that will lead to growth of trade turnover between the countries, substitution of imported goods, development of industrial cooperation and growth of exports.
