EU provides €34 million to Armenia amid economic strain from Russia

The European Union has released an immediate €34 million financial package to Armenia as part of efforts to ease the economic pressure caused by Russia’s trade restrictions on the country’s private sector.

The funds were disbursed by the European Commission shortly after a recent call between Ursula von der Leyen and Armenian Prime Minister Nikol Pashinyan, Caliber.Az reports, citing the EU website.

The EU stated that the swift payment reflects its commitment to supporting Armenia and its population.

This payment represents the first instalment of a wider assistance package previously announced by the Commission President.

The broader initiative also includes measures aimed at easing trade barriers and strengthening Armenia’s economic resilience.

Following agreements reached at the recent EU–Armenia summit, both sides are continuing cooperation to deepen economic relations and improve market access for Armenian producers.

Additional support is expected for industries affected by trade disruptions, such as agriculture, flower production, and other export-focused sectors.

These efforts will be implemented through trade facilitation programs, business networking events, and targeted market access schemes.

The EU–Armenia Task Force on Economic Resilience is actively overseeing and coordinating these measures.

EU Commissioner for Enlargement Marta Kos emphasised that the EU remains firmly supportive of Armenia as a sovereign, democratic, and independent state.

She noted that the new assistance will help address immediate economic pressures while also creating new opportunities for Armenian businesses in both regional and European markets, describing the initiative as a demonstration of European solidarity.

She is scheduled to visit Armenia on 5 July to further advance the implementation of the package and discuss additional steps to deepen cooperation between the EU and Armenia.

By Bakhtiyar Abbasov