The European Union is preparing an economic support package worth an initial amount of €50 million ($58.1 million) for Armenia after Russia hit Armenia with some trade restictions, European Commission President Ursula von der Leyen said on Thursday.
“Today I spoke with Prime Minister Nikol Pashinyan about Russia’s recent restrictions targeting Armenia. This is nothing short of economic coercion, and it is unacceptable,” said von der Leyen.
“By extending export restrictions on Armenian products, Moscow is weaponising economic relations for political pressure. We know this playbook all too well. This is why Europe stands firmly with Armenia. We are preparing an EU support package.”
