Russia continues to remain one of the biggest trade-economic partners of Armenia. As says the annual report on Armenian foreign activities in 2006, during January-November of 2006 the capacity of commodity circulation between the two countries reached to $379.9 million against $300 million in 2005. One of the biggest programs of economic cooperation is the modernization of 'Armenal' factory. During 2006 between the Foreign Ministers of Armenia and Russia were held a number of discussion in agenda of which were included issues of Armenian-Russian bilateral relations and cooperation in the framework of international organizations. In 2006 also activated the direct ties between different regions of Armenia and Russia. A substantial development underwent scientific, educational, technical, cultural and sport spheres. The Armenian Diaspora of Russia had a great contribution to the development of bilateral relations.

The report also underlines that the year of 2006 was overshadowed by murders of Armenian in Russia on ethnic grounds. During Armenian-Russian high level meetings the Armenian side has repeatedly stressed the necessity not to allow demonstration of national intolerance. The given problem continues to remain at the center of attention of the Armenian Foreign Ministry and the diplomatic representatives in Russia.