YEREVAN. – Armenia will get from Russia quotas for duty-free gas and oil products as well as raw diamonds, Minister of Energy Armen Movsisyan said.

Movisyan on Tuesday presented in the parliament an interstate cooperation agreement on gas, oil products and diamonds between Armenia and Russia. Every year Armenia must present indicative balance on annual use of gas and oil products, he said.

“Based on this, Russia will set a quota, according to which the goods will be supplied without customs duties. In the case of rough diamonds, the quota will be replaced by volumes contracted by Armenian lapidary companies,” Movsisyan said.

In both cases, Armenian will face sanctions if the goods exempt from duties are re-exported to third countries.

In Jan.-Sept. 2013 Armenia imported from Russia oil products amounting to $73.5 million. Eighty-six percent of gas (($363.7 million) and 7 percent of diamonds ($6.1 million)were imported from Russia, too.