View: Armenia strengthens economic ties with Russia during regional challenges

Russian Deputy Prime Minister Alexei Overchuk visited Yerevan to participate in the Armenia-Russia Intergovernmental Commission meeting, as both countries review economic cooperation.

Dmitry Bridzhe, political analyst at the Russian International Affairs Council, speaking to AnewZ, noted that the visit is “not only a ceremonial event, it’s a working mechanism designed to keep economic relationships stable.”

The meeting comes as political relations between Russia and Armenia become increasingly complex.

Bridzhe emphasised that Armenia relies on Russia for its economy, production, and regional support, stating that “there were many agreements signed between the two parties because we know that Armenia needs Russia because of the Russian economy, because of Russian productions and other things that Russia provided to the region.”

Key sectors of Armenia-Russia economic cooperation include industry, energy, transportation, agriculture, healthcare, culture, science, education, and tourism.

Bridzhe highlighted that Armenia’s integration with the region and Russian companies’ involvement ensures the partnership remains strong.

He noted that “Armenia is in a good position…with good relationship with Russia regarding the cop-economical cooperation and regarding the different also levels of cooperation between two countries.”

Despite Western sanctions on Russia, Armenia-Russia economic ties remain largely unaffected due to pre-existing banking agreements and financial integration.

Bridzhe stated that “Armenia didn’t…have any issues regarding the agreements and regarding the cooperation between Russian and Armenian companies.”

However, he opined that Moscow viewed Armenia’s growing engagement with the EU and Western countries cautiously.

Bridzhe explained that Armenia-Russia relations will largely depend on Russian foreign policy and the broader Russia-U.S. relationship.

He added that the Ukrainian crisis continues to shape Russia’s regional approach and will influence future cooperation with Armenia and Western nations.

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