Russia plans to invest $1 billion in the Armenian economy in the near future, Russian Deputy Economy Minister Dmitri Volvach said at a briefing within the framework of the 8th Armenian-Russian Interregional Forum on Tuesday, Report informs, citing TASS.

“According to statistics, at the moment, 40% of foreign investments in Armenia are investments from the Russian Federation. It seems to me quite logical that this share should at least remain. It is clear that there are investments from other countries, from other partners, but I hope that Russia and the Russian business will retain their role and significance in the Armenian economy,” he opined.