Top EU official visits Armenia and offers economic support to help counter Russian pressure
The package would remove tariffs on nearly 80% of Armenian exports and add €18 million in aid as Brussels backs Yerevan against Russian trade pressure.
- 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.
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39 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.
'You can count on us,' von der Leyen says in strategic Armenia visit
European Commission President Ursula von der Leyen announced a significant economic and political support package to Armenia during her strategic visit to engage with the South Caucasus peace process and the new opportunities in the region formerly in Russia’s orbit.
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…
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