Armenia and Iran amid new US sanctions threats: Reuters describes e two countries' economic ties
YEREVAN, August 21. /ARKA/. Reuters has identified Armenia as one of Iran's trading partners, highlighting the growing importance of their economic relationship in light of US threats to intensify economic pressure on Tehran.
As noted by the news agency, US President Donald Trump has cautioned about potential economic repercussions for nations that continue to back Iran.
Nevertheless, the US administration has yet to specify which countries might face additional measures due to their economic connections with Iran.
Reuters presents distinct data for Armenia. According to the agency, referencing official Armenian statistics, Armenia's trade volume with Iran reached around $768 million in 2025, accounting for roughly 3.6% of the nation's total foreign trade.
Furthermore, in the first half of 2026, Armenia's trade turnover with Iran was reported at $371.4 million, reflecting an 8.4% increase. Exports were recorded at $42.8 million, a 6% decrease, while imports amounted to $336.9 million, a 12% increase. Some 20% of Armenia’s foreign trade passes through Iran.
Iran also plays a crucial role as an energy partner for Armenia. The two countries operate a "gas-for-electricity" agreement, under which Armenia receives Iranian natural gas and supplies Iran with the electricity it produces.
In 2023, the "gas-for-electricity" agreement was extended until 2030, with the possibility of increasing gas and electricity supplies.
Reuters considers Armenia, along with China, the UAE, Turkey, Iraq, Oman, Pakistan, India, and Azerbaijan, in the context of the possible consequences of increased American economic isolation of Iran.
However, the agency's publication does not mention any sanctions measures specifically against Armenia. Washington's statements at this stage are general in nature, and the specific parameters of the new restrictions have not yet been announced.-0-
