He made the statement at a news conference he and President Robert Kocharyan of Armenia were addressing after today's summit in Sochi, Russia's Black Sea coastal spa.
The State Duma, Russia's lower parliamentary house, will debate the prospects. The Kremlin is ready with a respective resolution, which implies all exports/imports within the Treaty Organization proceeding from Russian domestic prices, said President Putin.
The Collective Security Treaty Organization brings together six post-Soviet countries-Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan.
Mr. Putin spoke about Russian-Armenian economic partnership, too. Thus, several Russian industrial companies intend to invest a total $26 million to update the Armenian-based Armenal Co.
Power industrial partnership is an essential aspect of bilateral ties, added Russia's President.
President Kocharyan, in his turn, approved current trends and developments in bilateral economic contacts. They became much more diversified within the preceding two or three years, and capital investment is on an upswing, he said.
The President highlighted 600 presently available Russian-Armenian joint ventures, and stressed an increasing Russian corporate participation in Armenian business.
