As for bilateral relations, they are developing, Russian President Vladimir Putin said during a meeting with Armenian Prime Minister Nikol Pashinyan at the informal CIS summit in St. Petersburg on December 22.

“Our trade turnover has adjusted, as we discussed yesterday. If in 2024 it was over $11 billion, in the first nine months of this year it amounted to $4.5 billion.

But this is still a good indicator and gives us reason to believe that we will continue to increase it in the near future,” Putin added.