Armenian Prime Minister Nikol Pashinyan has warned that Russia’s restrictions on Armenian exports are calling into question the future of the Eurasian Economic Union (EAEU), saying the dispute could mark “the beginning of the end” for the Moscow-led bloc if it is not resolved soon.
Georgia and Armenia increase trade with Russia after sanctions
Foreign trade turnover between Georgia and Russia for two months of 2023 amounted to 467.1 million dollars. This is 70% higher than the level of January-February 2022.
Russia remains Georgia’s largest trading partner, ahead of Turkey and China. Russian exports grew by 38.1% in January-February. In addition, Armenia, Belarus and Turkey increased trade with Moscow after the sanctions. They are called «the main hubs for smuggling».
Georgia did not join the anti-Russian sanctions, but condemned the war with Ukraine in all international forums. Armenia is formally considered an ally of Moscow, but equally strong ties are being built with Europe and the US.
Последние новости