EU disburses 34 mln euros in financial support to Armenia

The European Commission has disbursed 34 million euros to Armenia to support the country's private sector affected by Russia's trade restrictions, the EU delegation to Armenia said.

"Just two weeks after President von der Leyen's call with Prime Minister Pashinyan, the EU is delivering swiftly on its commitments to support Armenia and its people," the statement reads.

It was noted that this financial assistance is the first tranche of a broader package also including trade facilitation and solidarity measures to strengthen Armenia's economic resilience.

"Additional support will be provided to sectors affected by the trade restrictions, including agri-food products, flower production and other export-oriented industries, through trade initiatives, business matchmaking events and targeted market access initiatives," the statement reads.

Earlier, Russia's plant and animal health watchdog Rosselkhoznadzor introduced temporary restrictions on imports of certain goods from Armenia.