The Armenian-Russian business public union (ARBPU) is established in Yerevan. According to A. Darbinian-newly elected chairman of the union, the ARBPU consolidates Armenian non-profit organization and companies with Russian share. The Council of the union includes representatives of the Armenian-Russian close corporations "AmenAl" and "ArmRosGazprom", companies "Amrkos", "Prometey-Khimprom" close corporation as well as Armenian Savings Bank, Areximbank and the CIS International bank. The goal of the union is consolidation and development of the Armenian-Russian economic cooperation, creation of favorable atmosphere for drawing of Russian investments to Armenia. The union will assist in the realization of joint projects and protection of Russian businessmen in Armenia and the Armenian businessmen in Russia.