ArmInfo. Strengthening secondary sanctions, against the backdrop of new restrictions against Russia and Iran, will lead to the Armenian economy facing new restrictions. This is stated in the annual report on external risks of the Republic of Armenia published by the RA Foreign Intelligence Service (FIS).
The report notes that one of the important economic challenges for the Republic of Armenia is the sanctions imposed on some of its trading partners, in particular, the Russian Federation and the Islamic Republic of Iran. The authors of the report state that the use of Armenia's economic potential is limited by the risks of secondary sanctions.
"In 2025, it is unlikely that the sanctions against either Russia or Iran will be lifted or eased in a way, that will significantly impact the economy of Armenia. Therefore, the risks connected to secondary sanctions will remain acute. On the other hand, in combination with other factors, the continuous imposition of sanctions against Russia and the Russian-Ukrainian conflict are increasing the likelihood of economic slowdown in Russia and creating additional risks for the economy of Armenia," the report reads.
"Risks related to energy security will persist in 2025. Energy dependence continues to be used as a widely- used tool of political influence both in global and regional relations, from which Armenia is not shielded. The unbalanced energy dependence creates additional risks for sustainable economic development, sovereign policy and social stability and increases the effectiveness of external political pressure used against Armenia. Economic, logistical, technological and energy security issues in the context of regional developments will continue to be directly linked to possible political and military developments and the dynamics of relations between regional and extra-regional actors," the report reads.
The report is available here:
https://armenpress.am/storage/content/2025/pdf/Annual_Report_ENGLISH.pdf