MOSCOW. - Russian investments in Armenia are reaching $3 billion, said Armenian FM Edward Nalbandian.

Speaking at a joint press conference with his Russian counterpart Sergey Lavrov, he recalled that about 1,500 companies with Russian capital are functioning in Armenia.

Nalbandian informed the journalists of a session of Armenian-Russian inter-governmental commission which will review new programs, in particular related to the fields of transport, energy, communication and IT sector.