Kremlin warns Armenia could lose cheap Russian gas over EU ambitions

Kremlin warns Armenia could lose cheap Russian gas over EU ambitions
Russian President Vladimir Putin talks to Armenian Prime Minister Nikol Pashinyan during their meeting at the Kremlin in Moscow, Russia, 1 April, 2026.
Reuters

The Kremlin warned on Monday that Armenia could lose the “very attractive” price it pays for Russian gas if it moved away from integration with Russia and deepened ties with the European Union.

Armenia is a member of a Russian-led economic union and remains heavily dependent on Russia for energy supplies. In recent years, however, it has pursued closer ties with the European Union, including adopting a law last year to begin its accession process to the bloc.

“There is a very, very attractive and more than preferential price for Russian gas,” Kremlin spokesman Dmitry Peskov told reporters when asked about relations with Armenia.

“But, of course, such terms are not available to participants in other integration frameworks. There, the pricing structure is entirely different. It is market-based.”

Armenia seeks to balance Russia and the EU

Armenian Foreign Minister Ararat Mirzoyan said Armenia had no interest in severing political or economic ties with Russia.

“We want and will strive to preserve and deepen our normal relations,” Russian news agency Interfax quoted him as telling reporters in Yerevan on Monday.

Russian President Vladimir Putin raised the issue of gas pricing during a meeting with Armenian Prime Minister Nikol Pashinyan in April, saying Yerevan paid $177.50 for 1,000 cubic metres of Russian gas that would cost more than $600 in Europe.

"The disparity is vast," Putin said.

Election campaign puts focus on foreign policy

The Russian leader also told reporters on 9 May that it would be “logical” for Armenia to hold a referendum on its aspirations to join the EU.

Armenia is due to hold a parliamentary election in June, pitting Pashinyan’s party against an array of opposition groups, many of them pro-Russian.

Tags