EU Pledges Aid to Armenia, Accuses Russia of Economic Coercion
The package includes trade relief and support for Armenian flower exporters after Russia restricted imports, with Brussels saying 7,000 businesses already benefited from EU aid.
- On June 4, European Commission President Ursula von der Leyen announced over €50 million in immediate financial assistance for Armenia to help find alternative export markets after Russia imposed new trade restrictions on the South Caucasus nation.
- Moscow recently restricted Armenian agricultural imports, citing what Armenian officials describe as questionable phytosanitary concerns, characterizing the measures as economic coercion meant to punish Yerevan for strengthening ties with Western partners.
- Von der Leyen noted a shipment of 10,000 Armenian flowers will arrive in Latvia on June 5, while Brussels' 2024 Resilience and Growth Plan has already supported 7,000 businesses and created more than 20,000 jobs.
- Freezing participation in the Russia-led Collective Security Treaty Organization in 2024, Armenian Prime Minister Nikol Pashinyan has accelerated Armenia's pivot toward the European Union and approved legislation launching its formal membership path.
- Reopening regional trade routes involving Turkey and Georgia represents "an excellent step forward," Von der Leyen said, as Armenia positions itself as a strategic hub connecting Europe, the South Caucasus, and Central Asia.
36 Articles
36 Articles
EU accuses Russia of ‘economic coercion’ against Armenia, announces €50 million support package
The European Union is preparing a support package for Armenia that includes more than €50 million ($58.1 million) in immediate financial assistance after Russia imposed trade restrictions on the country, European Commission President Ursula von der Leyen said on 4 June. The announcement comes amid growing tensions between Moscow and Yerevan as Armenia deepens ties with the European Union and Western partners. Relations between the two countries …
In the face of Russia's trade pressure against Armenia, which is approaching the EU, the President of the European Commission said on Thursday that Brussels was preparing an economic aid plan for the Caucause country.
EU backs Pashinyan on the eve of Armenia's defining elections
The EU endorsed Armenia’s PM Nikol Pashinyan and announced a support package to counter Russian sanctions, just days before Armenia’s historic elections. Meanwhile, Pashinyan said he would go to Moscow after the vote and proclaimed that "abandoning Karabakh was my greatest service to Armenia".
European Commission President Ursula von der Leyen assured Armenian Prime Minister Nikol Pashinyan that Europe is strengthening its support for Armenia in the face of Russian pressure ahead of the elections, announcing more than 50 million euros in financial assistance.
The head of the European Commission, Ursula von der Lien, announced that the EU was preparing support measures for Armenia, which was facing economic pressure from Russia, including financial assistance worth more than 50 million euros.
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