Many projects and contracts are discussed within the framework of the business mission. Nikita Gusakov, General Director of the Russian Agency for Export Credit and Investment Insurance (EXIAR), said this to reporters Tuesday—and after the Eighth Armenian-Russian Interregional Forum in Yerevan.

"From the point of view of infrastructure projects, the construction of the North-South motorway and the possible participation of Russian companies and, accordingly, the related funding that may be provided are being discussed," he said.

Gusakov added that the issue of developing a navigation equipment system is also being discussed.

"Besides, the issue of developing urban transport, the possibility of involving Russian equipment and Russian funding in those projects are being discussed," he said.

To note, we are talking about the North-South transport corridor which will connects Central Asia and India to Iran, Georgia, Russia, and Europe—and via Armenia.