Vladimir Putin is pleased to see that Russia remains a leading trade and economic partner of Armenia.

The trade turnover between the states increased nearly by 11 percent (10.6 percent) in 2013 as compared with the previous year, he said during a meeting with his Armenian counterpart Serzh Sargsyan in Moscow.

President Putin noted that positive pace and growth dynamics is preserved, and Russia remains the first investor in Armenia's economy.

“Following my visit to Armenia, huge work was done to implement the arrangements that were achieved during the visit,” Putin said, adding that he is happy to have a chance to see what else must be done to accelerate the joint efforts.