The figure amounts to roughly 1% of the country’s annual trade turnover with Russia, which remains Yerevan’s key economic partner
The EU is preparing a €50 million ($58 million) support package for Armenia as Brussels moves to shore up Prime Minister Nikol Pashinyan days before a critical parliamentary election, European Commission President Ursula von der Leyen has said. The figure, however, accounts for roughly 1% of Armenia’s annual trade turnover with Russia, which remains Yerevan’s key economic partner.
Von der Leyen made the announcement on Thursday following a call with Pashinyan, saying the package is also meant to ease trade for Armenian agricultural products hit by recent Russian restrictions. She accused Russia of “weaponizing economic relations for political pressure” and of “economic coercion.”
The EU chief said a shipment of 10,000 Armenian flowers was due to arrive in Latvia, with further deliveries to follow.
Read more Trump endorses Armenian leader for reelectionRussia has recently imposed restrictions on some Armenian imports, a move which Moscow said was not political but rather linked to safety concerns sparked by seasonal harvest inspections.
Read more The real reason behind the West’s new obsession with ArmeniaVon der Leyen’s pledge comes as Armenians are set to vote in parliamentary elections on June 7. Pashinyan’s Civil Contract party – which has been pushing for closer integration with the EU while maintaining traditionally close relations with Russia – is polling at around 32%, while the Strong Armenia bloc, backed by Russian-Armenian billionaire Samvel Karapetyan, sits in second place at around 6%.
The EU’s €50 million pledge, however, is dwarfed by Armenia’s reliance on trade with Russia. Trade turnover between the two countries stood at roughly $6-8 billion in 2025, with Armenian goods exports to Moscow alone reaching approximately $2.9 billion.
Moscow also supplies Yerevan with natural gas at preferential terms, with Russian President Vladimir Putin noting that Armenia receives gas at $177.50 per thousand cubic meters, compared to a European spot price of around $600.
In addition, Armenia’s trade turnover with the whole EU sits at approximately €2.5 billion, accounting for roughly 11% of the country’s total international trade.
Putin has said Armenia has a sovereign right to choose its own direction, but warned Yerevan that it cannot simultaneously benefit from membership in the EU and the Eurasian Economic Union.
Armenian Foreign Minister Ararat Mirzoyan has said Yerevan is “not interested in cutting political, economic, or any other ties with Russia,” and would “strive to maintain normal relations and deepen them.”
Hence then, the article about eu pledges 50 million to armenian leader ahead of key election was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( EU pledges €50 million to Armenian leader ahead of key election )
Also on site :
- How Russian media and experts reacted to Germany’s UN humiliation
- 1968 Jimi Hendrix Hit Hailed By Critics As 'Greatest Piece of Electric Guitar Work Ever Recorded' Became Only No.1 UK Single
- Mabwell's 9MW5211 Receives IND Clearance from NMPA for Inflammatory Bowel Disease