64.5% of Armenian budget was formed by transfers from Russia in 2012

Armenians transferred $1.69 billion from foreign to Armenia in 2012, which means a transfer drop of $140.3 million (9.1%), compared with 2011, News.am reports.

85.6% of the sum was transferred from Russia, compared with 83.7% in 83.7% (growing by $150 million).

$1.447 billion transferred from Russia in 2012 are equivalent to 64.5% of Armenian budget.

Transfers from China increased by $2.4 million and Kazakhstan by $1.9 million. Transfers from other countries dropped by a total of $9.5 million. Transfers from the US dropped by $7.8 million and Ukraine by $6 million.

Adapted from: Vestnik Kavkaza