According to the Russian Security Council, Armenia's accession to the European Union could lead to a loss of 23% of its GDP. The country's withdrawal from the Eurasian Economic Union (EAEU) is projected to reduce its GDP by 15.1% and increase inflation by 14.3%, along with an expected rise in energy prices. This, according to the Russian agency's statement, will lead to a significant decline in living standards in Armenia.

The Russian Security Council also notes that EU accession and the possible introduction of visa requirements with Russia and Iran will negatively impact tourism, which will harm Armenia's economy.

As a reminder, Armenia began the legislative process to join the EU in March-April 2025, and signed a strategic partnership agenda in Brussels in December 2025.

Prime Minister Nikol Pashinyan previously announced progress toward EU standards, acknowledging that if this is not compatible with EAEU membership, a decision based on the will of the people will be made. Furthermore, Pashinyan recently announced that the country's authorities do not plan to return to the pro-Russian military-political bloc, the Collective Security Treaty Organization (CSTO). This position is included in the platform of his Civil Contract party ahead of the parliamentary elections on June 7.