Following the official visit of the Prime Minister of the Republic of Armenia Nikol Pashinyan to the Russian Federation at the invitation of the President of the Russian Federation Vladimir Putin on April 19-20, 2022, the leaders of the two countries adopted a joint statement. The 6th point of the announcement refers to the cooperation in the economic sphere, including in the energy sphere.
“6. The high demand and efficiency of the Intergovernmental Commission on Economic Cooperation between the Republic of Armenia and the Russian Federation, as well as the Working Group on Industry in terms of elaboration and implementation of bilateral practical arrangements were underlined. Mutual interest was expressed in holding permanent industrial exhibitions in the territory of Armenia, including, with the emphasis on cooperation in the field of high technologies.
The Parties welcomed the intention of the Russian economic operators to create a complete, modern production cycle in Armenia, expressed interest in the development of the field of energy, including the development of renewable energy programs based on the principles of energy security and independence, caring attitude for the nature and sustainable development.
It was decided to further facilitate the flow of Russian investments to Armenia. It was emphasized that the Russian economic operators are among the main taxpayers of the Republic of Armenia, ensure the creation of a significant number of jobs, expand the opportunities for professional training of the staff.
The Parties noted with satisfaction the work of the Parties on the establishment of the Armenian-Russian Business Council with the aim of expanding ties between the two countries' regions, strengthening business ties, establishing joint ventures and intensifying investment dialogue.
The Parties reaffirmed their readiness to expand cooperation in the field of use of nuclear energy for peaceful purposes, welcomed the extension of the term of operation of the Armenian NPP, expressed their intention to work out the construction of new power units.
The effective joint work aimed at the consistent establishment of common market of
energy resources within the Eurasian Economic Union was emphasized.” Clause 6 says.
April 26, 2022 at 11:14