Russia to allocate $700,000 to Armenia

As part of its assistance to development of the Republic of Armenia, Russia will allocate $700,000 from its voluntary contributions to the United Nations Industrial Development Organization (UNIDO), Russian Foreign Ministry said in a statement.

“As part of assistance to the development of the Republic of Armenia, the Russian government took a decision to allocate $700,000 from voluntary Russian contributions to UNIDO in 2014 for the implementation of the project on enhancing the competitiveness of Armenia’s export-oriented industrial sectors through modernization and greater access to markets,” Russian MFA said.