Home/MARKETS/CHINA/Article
MARKETS

Russia and Armenia strengthen economic ties through integration process, Kremlin says

Kremlin spokesperson Dmitry Peskov emphasized that Russia's integration with Armenia is crucial for economic growth. This statement arrives as Armenia's parliament gears up for a March 2025 referendum, which will determine whether the country will pursue EU membership or maintain its ties with the Eurasian Economic Union.

BRIC Team
BRIC Team
Jun 24, 2026 · 1 min read · 7 views
Russia and Armenia strengthen economic ties through integration process, Kremlin says

Key Takeaways

  • Dmitry Peskov described Russia and Armenia as 'fraternal,' emphasizing their historical connections and the significant Armenian diaspora in Russia.
  • Armenia's parliament approved a law in March 2025 to start the process of joining the European Union.
  • During the EAEU summit on May 29, leaders urged Armenia to hold a national referendum on EU membership versus EAEU participation.
  • Peskov stated, 'We, as Russia, are a major investor in Armenia,' highlighting the economic ties between the two nations.
  • Prime Minister Nikol Pashinyan acknowledged the complexities of Armenia's dual aspirations with the EU and EAEU.

Russia's ties with Armenia are deepening,Kremlin spokesperson Dmitry Peskov said Wednesday,emphasizing integration's role in Armenia's economic growth. He called the nations "fraternal," pointing to historical links and the large Armenian diaspora in Russia,with Russian community in Armenia too.

Peskov mentioned the Eurasian Economic Union (EAEU) as key to boosting Armenia's GDP. Russia aims to ramp up cooperation with Yerevan. "We have a lot of things in common," he said. "We,as Russia,are a major investor in Armenia." Investment shows potential for more growth in their relationship.

In March 2025,Armenia's parliament passed a law to start joining European Union. Prime Minister Nikol Pashinyan admitted juggling EU and EAEU membership is complex. Yerevan will try to align its goals with both as long as possible.

At EAEU summit in Astana on May 29,leaders from Russia,Belarus,Kazakhstan,and Kyrgyzstan urged Armenia to hold a national referendum. This vote would decide if Armenia should pursue EU membership or stay in EAEU. The ongoing talks show Armenia's tightrope walk amid shifting alliances…

#FOREIGN POLICY#Russian Politics & Diplomacy

Share this article

Related Articles

Parallel imports to Russia reach $8.7 billion from January to May 2026

Parallel imports to Russia reach $8.7 billion from January to May 2026

Roman Chekushov, Deputy Minister of Industry and Trade, announced that parallel imports to Russia hit $8.7 billion during the first five months of 2026, with $2.3 billion recorded in May alone. This consistent volume suggests a hands-off stance from the government, as officials seem uninterested in changing how goods flow into the country.

BRIC Team

Jun 24, 20263 views
Government earns ₹120 crore from Medipally residential plot auction

Government earns ₹120 crore from Medipally residential plot auction

On Wednesday, government of India generated ₹120 crore from an e-auction featuring 68 residential plots in Medipally, Hyderabad. With 63 plots sold, the highest bid soared to ₹80,000 per square yard, showcasing robust demand in local real estate market.

BRIC Team

Jun 24, 20263 views
Nuvilex to announce earnings on July 1, 2026, amid analyst expectations

Nuvilex to announce earnings on July 1, 2026, amid analyst expectations

Nuvilex will release its earnings report on July 1st, and analysts expect a loss of $0.06 per share. Specializing in cancer therapies, the company is under close watch from market observers, especially regarding the advancements of its CypCaps treatment for pancreatic cancer.

BRIC Team

Jun 24, 20263 views
Telangana government and SBI near reconciliation after Raidurgam auction dispute

Telangana government and SBI near reconciliation after Raidurgam auction dispute

Telangana government and State Bank of India (SBI) are in talks to resolve issues surrounding the auction of land in Raidurgam after a week of rising tensions. Acceptance of the proposed 2.5-acre plot in Hyderabad Knowledge City by SBI might help mend relations between state and bank.

BRIC Team

Jun 24, 20268 views
Chief Minister V.D. Satheesan confirms no privatisation in Critical Minerals Corridor project

Chief Minister V.D. Satheesan confirms no privatisation in Critical Minerals Corridor project

Chief Minister V.D. Satheesan has declared that Critical Minerals Corridor project will stay public and won't be privatised, backed by a budget of ₹100 crore. He highlighted government's dedication to turning public entities into profit-generating bodies, all while tackling a debt burden of ₹17,175 crore left by the previous administration.

BRIC Team

Jun 24, 20267 views
Andhra Pradesh government to auction Chigurgunta-Bisanatham gold block in Chittoor

Andhra Pradesh government to auction Chigurgunta-Bisanatham gold block in Chittoor

Andhra Pradesh government is set to auction Chigurgunta-Bisanatham gold block located in Chittoor district, estimated to hold around 22.16 lakh tonnes of ore. This move comes after earlier attempts and seeks to boost state's gold mining industry, with bids expected by July 9.

BRIC Team

Jun 24, 20268 views