Yerevan and Moscow stand for soonest peaceful resolution of the Nagorno Karabakh conflict on the basis of an agreement acceptable for all sides, says the joint statement of the Armenian and Russian Presidents.

The Presidents signed a joint statement on outcomes of their Kremlin talks.

"Our country is ready to seek for solutions which would meet the interests of all nations living in the region," the Russian President said.

110 servicemen from 30 states take part in the conference. Representatives from 22 states, 7 of which are NATO member states and 14 are members of Partnership for Peace program will participate in the exercise.

Russian investments in Armenia exceeded $1 billion, a serious figure for the trade and economic cooperation.

Serzh Sargsyan: NKR people gained their right to independence in compliance with the law and then in the war imposed on them.

Commodity turnover between Armenia and Russia will reach $1.5 billion next year, President Sargsyan said.

"I am hopeful that our talks will answer the spirit of strategic and inter-allied relations between Armenia and Russia," the Russian President said.