Top EU official visits Armenia and offers economic support to help counter Russian pressure
The package includes tariff relief on nearly 80% of Armenian exports and new infrastructure support as the EU seeks to reduce Russia’s leverage, officials said.
- On Thursday, European Commission President Ursula von der Leyen visited Yerevan to unveil a €52mn support package and propose tariff-free access for 80% of Armenian exports to the European Union.
- Brussels aims to bolster Armenia as it pivots away from historic Russian trade dependence, with Von der Leyen describing the economic pressure facing the nation as "nothing short of economic coercion."
- The proposed trade measures, which require European Parliament approval, cover fresh fruits and spirits previously destined for Russia, while a separate €20mn "Peace" dividends programme targets border communities in Armenia and Azerbaijan.
- Armenian Prime Minister Nikol Pashinyan welcomed the support, linking the measures to his "Crossroads" initiative, which seeks to reopen regional trade routes with Azerbaijan and Turkey.
- Officials indicated the programme could unlock up to €2bn in investment, as the European Union facilitates regional stability and infrastructure projects like Black Sea submarine cables.
32 Articles
32 Articles
EU tells Armenia 'you can count on us' as Russia keeps up economic pressure
Associated Press News
Top EU official visits Armenia and offers economic support to help counter Russian pressure
European Commission President Ursula von der Leyen has visited Armenia, promising an 18-million euro aid package and the removal of import duties on most Armenian farm products.
The European Union has announced the introduction of new large-scale trade preferences for Armenia, which will exempt the lion's share of its exports to European countries from customs duties.
EU pours cash and trade perks into Armenia as critics decry political meddling
European Commission president Ursula von der Leyen visited Armenia on Thursday (2 July) in an effort to facilitate Brussels’ influence and trade on the region. Von der Leyen made a return appearance in Yerevan in a show of support of the recently re-elected leader Nikol Pashinyan who’s Civil Contract party has been guiding the nation away from historic Russian influence in a Westward pivot. The presence of EU commissioner for enlargement Mar…
As part of the measures to support Armenia, the EU is about to lift duties on 80 per cent of imports from that country, announced by the head of the European Commission of Ursula von der Layen, following a meeting with the Prime Minister of Armenia, Nichol Pastinian, in Erevan on 2 July.
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