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Russia threatens economic consequences for Armenia if it pursues membership of the European Union
29 January 2025
Russia has warned the Armenian government of severe economic consequences if it pursued plans to move towards membership of the European Union. Russian Deputy Prime Minister Alexei Overchuk insisted on Wednesday that the EU accession process will mark the beginning of Armenia’s withdrawal from the Eurasian Economic (EEU), a Russian-led trade bloc that gives Armenia tariff-free access to Russia’s vast market. “The outcome here is obvious: opening markets with the European Union will mean closing markets with the Eurasian Economic Union,” Russian news agencies quoted him as telling journalists.