Friday, January 31 2025 17:20
Marianna Mkrtchyan

Zakharova: Armenia`s EAEU membership provides economic benefits that  would be forfeited with European integration

Zakharova: Armenia`s EAEU membership provides economic benefits that  would be forfeited with European integration

ArmInfo. Armenia's membership in the Eurasian Economic Union (EAEU) brings specific economic benefits to the republic, which would be nullified in the event of European integration. Russian Foreign Ministry spokesperson Maria Zakharova  made this statement during a weekly briefing on January 31.

She noted that this fact was confirmed by official Yerevan itself,  discussing the bonuses that the people of Armenia receive. Zakharova  also mentioned that the issue of Armenia's potential membership in  the EU and the risks associated with it were also discussed during a  meeting between the head of the Armenian Foreign Ministry and his  Russian counterpart in Moscow. She went on to cite statistical data  regarding the benefits that Armenia has gained from membership in the  EAEU over the years, pointing out that since 2015, exports from  Armenia to  EAEU countries have increased tenfold.

"Official Yerevan has the right to independently determine its  foreign policy vector - this is the right of the sovereign state. We  just need to understand what this will lead to," Zakharova said,  urging to consider the practical side of such decisions, without  excessive politicization and dividing into "black" and "white".   According to her, all the dividends that Armenia received from the  EAEU as a result of European integration will be lost. The  representative of the Russian Foreign Ministry noted that Deputy  Prime Minister Alexei Overchuk has repeatedly stated this. Zakharova  believes that Armenian society needs to be honestly told about the  scale of the consequences of this step. "There will be a painful  disruption of production chains established over a decade. The large  EAEU market will be lost, as well as the opportunity to trade with  preferences. According to some estimates, the export of Armenian  goods will decrease by 80%," she noted, pointing out the  impossibility of restoring these losses in a short time. The diplomat  also mentioned the challenges that Armenian products will encounter  on their way to European markets, which will negatively impact the  country's GDP and ultimately impoverish the population.

She was also skeptical that the Collective West will compensate for  all of Armenia's losses resulting from abandoning the Eurasian  market. Zakharova noted that the EU countries themselves are facing  economic challenges. At the same time, the diplomat believes that the  hopes of those advocating for European integration and expecting  trade relations with the EU to improve after the Republic leaves the  EAEU are unlikely to materialize. "In this case, we are talking about  Armenia, no one is waiting for goods, neither in Europe nor in the  US. If they had waited, they would have already taken, you must  agree. What's the problem? Why don't they take if they want to help  so much and the goods are so irreplaceable? They would have taken  them right now!" the official representative of the Russian Foreign  Ministry noted. Zakharova also stated that in 2024, Armenia's trade  with the EU and the US dropped significantly and is approximately 6  times less than its trade with Russia.

According to the Statistical Committee of the Republic of Armenia,  Armenia's foreign trade turnover with the EAEU countries in  January-November 2025 amounted to $11.9 billion, which is 68.3%  higher than the figure from a year ago. Exports decreased by 10.1% to  $3.1 billion, while imports increased by 2.4 times to $8.8 billion.  The EAEU accounts for 42.2% of the total foreign trade volume.