Companies with Armenian founders make up 2.6% of all foreign‑owned businesses in Russia, according to Rusprofile.
"There are currently 1,736 companies registered in Russia with founders from Armenia, accounting for 2.6% of all organisations with foreign participation",
the service said.
The number of such businesses grew 3.3 times between 2021 and 2025, from 518 to 1,736.
Armenian entrepreneurs are most active in trade, catering, construction, freight transport, and real estate rental.
