Trade between Russia and Armenia has considerably dropped this year Russian Deputy Prime Minister Alexey Overchuk said, Interfax reports.

"As for trade between Russia and Armenia, it has already considerably dropped, and we expect that by the end of the year it will be reduced by half compared to last year. That is, if last year it was 12.4 billion [US] dollars, then this year it will probably be around 6 billion, maybe a little more," Overchuk said.