"Our relations with Armenian nation are the best. Our relations develop in all directions-both in the sphere of politics, and economy and security, since Armenia is a CSTO (Collective Security Treaty Organization) member," stated Russian President Vladimir Putin during his annual press conference in Moscow. "As to large investments, they are investments to the energy sphere. As you know, we turned into market price formation with Armenia too, but part of the price is covered by property subject to privatization. And we participate in the construction of the gas pipeline from Iran. We also work in the power network on Armenian territory. We participate … in hydroenergetics. But it is not enough, of course. Armenian president during his last visit to Sochi left some questions. It concerns both diamond industry, and production, "stressed the head of Russian State. "We realize a program, which concerns the covering of debts with shares of factories subject to privatization, and we are going to reanimate those factories, which corresponding Russian companies got. Generally, you know, practically our relations in all spheres are developing very actively. It's even difficult for me… difficult to find any sphere, where we could have unsettled problems today. Though, when we were negotiating over energy issues it was very difficult for us too. But anyhow, we came to a mutually acceptable solution," Vladimir Putin stressed.