Key facts
- The European Union is offering Armenia trade relief.
- The trade relief includes tariff-free access for nearly 80% of Armenia's exports.
- These measures are intended to help Armenia withstand Russian economic pressure.
- European Commission President Ursula von der Leyen announced the measures.
- The announcement was made during a visit to Yerevan.
- Additional financial support for Armenia was also pledged.
The European Union is providing Armenia with substantial trade relief aimed at bolstering its economy against Russian economic pressure. A key component of this relief package is tariff-free access for approximately 80% of Armenia's exports to the EU market. This initiative was announced by European Commission President Ursula von der Leyen during her visit to Yerevan. In addition to trade benefits, von der Leyen pledged further financial support for Armenia, underscoring the EU's commitment to strengthening its ties with the country and assisting it in navigating geopolitical economic challenges. The measures are designed to offer Armenia an alternative economic pathway and reduce its reliance on Russian economic influence.