Overchuk announced a decline in trade between Russia and Armenia by approximately two-thirds
06.08.2026,
14:46
Trade between Russia and Armenia in 2026 fell by approximately two-thirds compared to 2025 and will continue to decline, Russian Deputy Prime Minister Alexey Overchuk told reporters.
YEREVAN, August 6. /ARKA/. Trade between Russia and Armenia in 2026 fell by approximately two-thirds compared to 2025 and will continue to decline, Russian Deputy Prime Minister Alexey Overchuk told reporters.
According to TASS, Overchuk called this decline "dramatic." "The situation developing in relations between the EAEU and Armenia was predictable. We have been telling our colleagues in Armenia for the past three to four years that such risks exist, in particular the risk of a decline in trade," the Russian Deputy Prime Minister said.
According to him, trade turnover between Russia and Armenia reached a record high of approximately $12 billion in 2024, but fell to approximately $8 billion in 2025. "This year, trade turnover is declining dramatically—by approximately two-thirds compared to 2025. The situation is such that it will obviously continue to decline," Overchuk stated.
According to Armstat, Russia remains Armenia's largest foreign trade partner. From January to May 2026, Armenian-Russian trade turnover amounted to $2.2 billion, a 20.5% decrease compared to the same period in 2025. Armenia's exports to Russia decreased by 3% to $1.03 billion, while imports from Russia decreased by 30.6% to $1.22 billion.
By the end of 2025, Armenian-Russian trade turnover amounted to $7.66 billion, a 38.3% decrease over the year.
Restrictions on the supply of Armenian products to Russia
Since the end of May, Russia has been gradually introducing restrictions on the supply of certain products from Armenia, citing violations of phytosanitary requirements. The restrictions include flowers, mineral and drinking water, certain brands of alcoholic and non-alcoholic beverages, vegetables, fruits, berries, grapes, potatoes, dried fruits, and later, live fish and fish products, as well as dairy products.
The restrictions also include a ban on the transit of products of Armenian origin through Russia to other EAEU countries.
According to TASS, Overchuk called this decline "dramatic." "The situation developing in relations between the EAEU and Armenia was predictable. We have been telling our colleagues in Armenia for the past three to four years that such risks exist, in particular the risk of a decline in trade," the Russian Deputy Prime Minister said.
According to him, trade turnover between Russia and Armenia reached a record high of approximately $12 billion in 2024, but fell to approximately $8 billion in 2025. "This year, trade turnover is declining dramatically—by approximately two-thirds compared to 2025. The situation is such that it will obviously continue to decline," Overchuk stated.
According to Armstat, Russia remains Armenia's largest foreign trade partner. From January to May 2026, Armenian-Russian trade turnover amounted to $2.2 billion, a 20.5% decrease compared to the same period in 2025. Armenia's exports to Russia decreased by 3% to $1.03 billion, while imports from Russia decreased by 30.6% to $1.22 billion.
By the end of 2025, Armenian-Russian trade turnover amounted to $7.66 billion, a 38.3% decrease over the year.
Restrictions on the supply of Armenian products to Russia
Since the end of May, Russia has been gradually introducing restrictions on the supply of certain products from Armenia, citing violations of phytosanitary requirements. The restrictions include flowers, mineral and drinking water, certain brands of alcoholic and non-alcoholic beverages, vegetables, fruits, berries, grapes, potatoes, dried fruits, and later, live fish and fish products, as well as dairy products.
The restrictions also include a ban on the transit of products of Armenian origin through Russia to other EAEU countries.
