EU to provide Armenia with more than €50 million in aid amid restrictions on exports to Russia
The European Union is preparing an immediate support package for Armenia worth more than €50 million amid restrictions imposed by Russia on imports of Armenian agricultural products, European Commission President Ursula von der Leyen said following a telephone conversation with Armenian Prime Minister Nikol Pashinyan, according to SİA.
"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. 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," she said.
"We are preparing an EU support package. It includes immediate financial assistance, worth over 50 million euro. And more will come. Also envisaged are measures to ease the trade for some Armenian products, in particular agri-food," von der Leyen added.
The European Commission President also noted that the EU would continue strengthening ties between European and Armenian businesses in line with the agreements reached at the recent summit in Yerevan.
According to her, further advancement of these initiatives will be discussed at the ministerial meeting of the Connectivity Platform, which is scheduled for June 23.
"To ensure effective coordination on all these fronts, we agreed to set a joint EU-Armenia Task Force. This will oversee the implementation of all these initiatives and any further measures in the future," she added.
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