One of the challenges for the economy at the moment is relations within the Eurasian Economic Union (EAEU)- Pashinyan

ArmInfo. While Armenia's strong economic activity is clearly visible, challenges remain, one of which, at this stage, is our relations within the Eurasian Economic Union (EAEU). Armenian Prime Minister Nikol Pashinyan stated this during a government meeting on October 22.

He noted that work will certainly be undertaken on this issue in the near future, but all state policy will be focused on ensuring economic dynamism and strengthening statehood, independence, and sovereignty. "These are not simply comparable objectives; one stems from the other; they are interconnected," the Prime Minister noted.

At the same time, Pashinyan noted with satisfaction the successful progress of export diversification. He noted that the current indicators inspire hope that diversification will only strengthen and deepen. "And we must remain focused on this task," the head of government emphasized.

Relations between Moscow and Yerevan have deteriorated amid Armenia's integration policy toward the EU. Since the end of May of this year, Russian authorized bodies—Rospotrebnadzor and Rosselkhoznadzor—have gradually introduced restrictions on the export of fresh agricultural produce, flowers, fish, fish products, and dairy products from Armenia to Russia and the EAEU market. Armenia traditionally exported approximately 80-90% of these product groups to Russia. Due to the difficult situation faced by Armenian producers and exporters, the government is developing support programs to stimulate exports to the EU and other countries. In particular, this includes covering transportation costs and customs duties for entering new markets.

Thus, in mutual trade with Russia from January-August 2026, The following picture emerged: trade turnover decreased by 19.2% to $3.6 billion. Exports amounted to $1.6 billion, a 9.1% year-on-year decline, while imports amounted to $1.9 billion, a 26.1% year-on-year decline.

Trends with the EAEU countries are also not encouraging. Mutual trade volume during the reporting period decreased by 17.2%, amounting to $3.8 billion. Exports, meanwhile, declined by 8.5% to $1.8 billion, while imports declined by 23.4%, exceeding $2 billion.