BRUSSELS — The European Commission today allocated €34 million to Armenia to help mitigate the impact of Russia’s trade restrictions on the country’s private sector. Just two weeks after a phone call between European Commission President Ursula von der Leyen and Prime Minister Nikol Pashinyan, the EU is already delivering on its commitments to support Armenia and its people.
This financial assistance is the first tranche of the comprehensive support package announced by President von der Leyen. The package includes trade facilitation and solidarity measures aimed at strengthening Armenia’s economic resilience.
Building on the agreements reached during last month’s EU-Armenia summit, the EU and Armenia will continue close cooperation to deepen business ties and expand market access for Armenian producers. Sectors affected by the trade restrictions, including agriculture, food production, floriculture, and other export-oriented industries, will receive additional support through trade promotion initiatives, business networking events, and targeted programs designed to improve access to markets.
The EU-Armenia Task Force on Economic Resilience will continue to meet regularly to guide and monitor the implementation of these measures.
EU Commissioner for Enlargement Marta Kos said:
“The European Union stands firmly with Armenia as a sovereign, democratic, and independent country. We are providing not only financial support, but also helping Armenia facilitate trade with its neighbors and with Europe. This is a practical demonstration of European solidarity with one of our closest partners.”
Commissioner Kos will visit Armenia on July 5 to discuss and advance further practical steps within the framework of cooperation with Armenia.
