On June 19, the European Commission transferred €34 million to Armenia to mitigate the impact of Russian trade restrictions on the country’s private sector.
This was announced by the European Commission press service.
“This financial assistance is the first tranche of a broader package of measures announced by President Ursula von der Leyen, which also includes trade facilitation and solidarity measures aimed at strengthening Armenia’s economic resilience,” the statement said.
Additional support will be directed to sectors affected by trade restrictions, including the agri-food industry, floriculture, and other export-oriented fields. The assistance will include trade initiatives, business networking programs, and targeted measures to expand access to new markets.
“The EU firmly supports Armenia — a sovereign, democratic, and independent country. Today’s support will help address urgent economic challenges while opening new opportunities for Armenian businesses to trade with regional and European markets,” said Enlargement Commissioner Marta Kos.
On July 5, Kos will visit Armenia to discuss the implementation of the support package and further steps to deepen EU–Armenia cooperation.
In May, shortly before parliamentary elections in Armenia, Russia’s consumer watchdog banned imports of Armenian cognac and wine, calling the products substandard, and ordered their suspension and removal from circulation. Later, Russia also banned imports of Armenian fruit and vegetable products and “Jermuk” mineral water.
In this way, Russia sought to pressure the pro-European Prime Minister of Armenia, Nikol Pashinyan.
