Russia and Armenia can establish a special investment cooperation foundation.

Russian Prime Minister Dmitry Medvedev stated the aforementioned after the meeting with his Armenian counterpart Karen Karapetyan on Tuesday, TASS reports.  

“A whole range of directions of investment cooperation were discussed. There is an idea related to the establishment of a special foundation for these purposes. We agreed to give instructions to relevant agencies to analyze the possibility of establishing such a foundation, directions of the investment cooperation, as well as the sources of funding,” Medvedev said.

According to the Russian PM, Russia and Armenia have a good potential for developing cooperation in the agro-industrial complex, including in the organization of joint production. “Last year the import of food products from Armenia significantly grew, this being due to Armenia’s accession to the Eurasian Union. If we speak about the agriculture, there is a very good development potential here not only in terms of mutual purchase of goods and farm equipment but also in terms of organizing joint production,” Medvedev said.

Karen Karapetyan, for his part, invited Dmitry Medvedev to visit Yerevan. “May I take the opportunity to invite you to pay an official visit to Yerevan,” he said.