Armenia increases exports to EU countries 15-fold
Armenia's exports to European Union countries increased 1.5-fold year-on-year in January-September 2026, Armenian Economy Minister Gevorg Papoyan said.
Armenia's exports to European Union countries increased 1.5-fold year-on-year in January-September 2026, Armenian Economy Minister Gevorg Papoyan said.
Armenia’s potential withdrawal from the Eurasian Economic Union (EAEU) will entail catastrophic consequences for the country, with its losses amounting up to 40% of GDP, according to a Eurasian Rating Agency’s survey.
The EAEU member states presented a report concerning the consequences of a possible suspension of Armenia's membership in the union; Armenian authorities stated they would review the document and give a response.
The Kremlin has not yet examined the report by the Eurasian Intergovernmental Council on the potential consequences of Armenia suspending its membership in the Eurasian Economic Union (EAEU), Kremlin Spokesman Dmitry Peskov said.
Implementing measures to suspend the application of EAEU Treaty provisions with respect to Armenia would have a direct impact on the country’s trade and economic relations
The suspension of Armenia’s participation in the Eurasian Economic Union (EAEU) may lead to the gas price increase from $177.5 to $300 per 1,000 cubic meters or by 69%, according to the Eurasian Intergovernmental Council's report.
Armenian Prime Minister Nikol Pashinyan may visit Russia soon, Kremlin Spokesman Dmitry Peskov said.
Armenia does not intend to abandon the Russian market and is actively working with its Russian colleagues, Armenian Minister of Economy Gevorg Papoyan said.
At a meeting with Armenian Prime Minister Nikol Pashinyan on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Bishkek on September 1, Russian President Vladimir Putin will once again set out Moscow’s position on Yerevan’s intention to join the European Union, Putin’s press secretary Dmitry Peskov said.
Armenian Parliament Speaker Ruben Rubinyan said Yerevan is not taking any steps that could harm its relations with Moscow and remains committed to maintaining good-neighborly ties, according to the parliament's press service.
Armenia will soon begin the process of applying for membership in the EU, Armenian Prime Minister Nikol Pashinyan said.
Armenian authorities have responded to Rosselkhoznadzor's statement, saying they maintain a constructive dialogue with the agency.
Moscow has once again insisted that Armenia should decide whether to hold a referendum on remaining part of the Eurasian Economic Union (EAEU) or pursuing EU membership, the Russian Foreign Ministry reported.
Armenian Economy Minister Gevorg Papoyan will take part in a meeting of the EAEU Agro‑Industrial Policy Council.
Armenian Prime Minister Nikol Pashinyan detailed Yerevan's assessment of potential European integration alongside its continued membership in the EAEU.
Russia's upper house speaker Valentina Matviyenko held a telephone conversation with Armenian parliament speaker Ruben Rubinyan on August 6.
Trade between Russia and Armenia has declined by approximately two thirds year-on-year since the beginning of 2026 and continues to decline, Russian Deputy Prime Minister Alexei Overchuk said.
If Armenia opts for European integration, it will be required to impose a visa regime on Russia. The EU is pressing Yerevan to sever its ties with Moscow.
Armenian Prime Minister Nikol Pashinyan said his recent phone call with Russian President Vladimir Putin led to a shared understanding that Armenia must have alternatives in everything.
Brussels realizes the inevitability of a deep economic crisis in Armenia if Yerevan leaves the Eurasian Economic Union (EAEU), the press service of the Russian Foreign Intelligence Service (SVR) said.