YEREVAN. – An agreement on the abolition of Russian export duties for Armenia may be ratified in the first quarter of 2014, Deputy Economy Minister Tigran Harutyunyan told Armenian News-NEWS.am.

“Russian President Vladimir Putin in a declarative manner has already approved such an intention. Now it is for the ministries and parliaments of the two countries,” Harutyunyan said.

He did not rule that the agreement will be ratified by the parliaments of Armenia and Russia until the end of the first quarter of 2014. It will not work de facto, till it comes into force.

During the official visit to Armenia, Russian President Vladimir Putin decided to abolish export duties for Armenia on a number of important goods, particularly oil, raw diamonds.