Armenia's trade turnover with Russia reaches a record $14 billion, Lavrov

YEREVAN, January 20. /ARКА/. Trade turnover between Armenia and Russia has reached a record $14 billion thanks to its membership in the Eurasian Economic Union (EAEU). Russian Foreign Minister Sergey Lavrov announced at a press conference summarizing Russia's diplomatic activities in 2025, TASS reported.

"Thanks to the fact that the EAEU provides Armenian goods with free access to the markets of other member countries, Armenia's foreign trade turnover, primarily with the Russian Federation, has reached record levels, currently amounting to $14 billion, a level never seen before," the Russian Foreign Minister said.

Lavrov recalled that Armenia became a full member of the EAEU in 2015, when its GDP was $10.5 billion. Now, according to the minister, this figure amounts to $26 billion.

"Armenia's GDP has more than doubled since its membership in the Eurasian Economic Union. It is difficult to ignore the figures that characterize Armenia's economic development over the past 10 years," the Russian Foreign Minister emphasized.

According to the Statistical Committee of Armenia, trade turnover between Armenia and Russia for the first 11 months of 2025 slashed to $6.71 billion, a 42.7% decline compared to the first 11 months of 2024 This was due to a substantial drop in re-export of Russian gold and gems, mainly to the UAE.-0-