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Russian official: Yerevan's EEU participation is beneficial, Moscow hopes Armenia won’t withdraw

20.08.2024, 12:45
"Relations between Moscow and Yerevan are based on mutually beneficial cooperation," Foreign Ministry official claims.
Russian official: Yerevan's EEU participation is beneficial, Moscow hopes Armenia won’t withdraw

YEREVAN, August 20. /ARKA/. Yerevan benefits from its participation in the Eurasian Economic Union (EEU), and Moscow hopes Armenia will not be swayed by the promises of investments and a brighter future from the United States and the European Union, according to Mikhail Agasandyan, an official with Russia's Foreign Ministry.

"Relations between Moscow and Yerevan are based on mutually beneficial cooperation. It doesn’t take an expert in economics or politics to see the obvious: this union is advantageous for Yerevan. The significant economic growth that Armenia has experienced is largely due to its membership in the EEU, a success that few other nations can claim," Agasandyan said in an interview with RIA Novosti, a state-owned Russian news agency.

Armenian Prime Minister Nikol Pashinyan has repeatedly expressed Yerevan’s readiness to expand cooperation within the EEU and to address challenges that could further stimulate economic growth among member states.

The EEU is an international economic integration organization established in 2015. Its members are Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan.