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Russia's mounting pressure on the Armenian economy in recent months peaked in mid-June, shortly after the election of Nikol Pashinyan, a proponent of rapprochement with the West. However, Moscow's actions had the opposite effect: they accelerated the diversification of Armenian trade, and the EU proposed eliminating tariffs on approximately 80 percent of Armenian exports to its market.
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Russia's mounting pressure on the Armenian economy in recent months peaked in mid-June, shortly after the election of Nikol Pashinyan, a proponent of rapprochement with the West. However, Moscow's actions had the opposite effect: they accelerated the diversification of Armenian trade, and the EU proposed eliminating tariffs on approximately 80 percent of Armenian exports to its market.