Paraguay's ex-President Peña and former central bank chief charged over Ueno Bank collapse
Prosecutors in Paraguay have charged former President Santiago Peña and ex-central bank chief Carlos Carvallo Spalding over the collapse of ...
Armenia is set to receive a support package worth more than €50 million ($58.2 million) from the European Union (EU) after Russia, its largest trading partner, imposed restrictions on a range of Armenian exports.
Ursula von der Leyen, President of the European Commission, said the bloc would also ease trade barriers for certain Armenian products, particularly food and agricultural goods.
Ahead of Armenia’s parliamentary elections on Sunday, Moscow imposed trade restrictions on several Armenian sectors, including fresh fruit and vegetables, fish, alcohol, flowers and mineral water.
Russian agencies have cited safety and standards concerns as the reason for the suspensions, most of which were introduced during May.
However, von der Leyen accused Moscow of applying economic pressure on Armenia for political purposes.
“This is nothing short of economic coercion, and it is unacceptable,” she said in a statement published on Thursday.
“By extending export restrictions on Armenian products, Moscow is weaponising economic relations for political pressure.
“We know this playbook all too well. This is why Europe stands firmly with Armenia.”
Armenia, a landlocked nation of around three million people, has traditionally maintained close ties with Moscow and is a member of the Russian-led Eurasian Economic Union (EAEU) single market.
In recent years, however, Prime Minister Nikol Pashinyan’s government has sought closer relations with the EU.
In January, Pashinyan said his government “unequivocally and without question” wanted Armenia to become a member of the political and economic bloc.
Pashinyan’s Civil Contract party is currently leading opinion polls, holding a significant advantage over the pro-Russian opposition groups Strong Armenia and Armenia Alliance.
Russia has threatened to halt supplies of discounted energy to Armenia if it pursues EU membership, while the Russian-led EAEU has said it would consider suspending the country from the union.
Such a move would have an immediate impact on the Armenian economy. Russia accounted for around 35% of Armenia’s foreign trade in 2025, while the EU represented roughly 11%, according to government statistics cited by Armenian media.
Yerevan purchased 82% of its natural gas from Russia in 2025. Russian President Vladimir Putin said Armenia was paying $177.50 per 1,000 cubic metres of gas, compared with more than $600 in Europe.
As part of the EU’s easing of trade restrictions, von der Leyen said a shipment of 10,000 Armenian flowers would arrive in Latvia on Friday.
Armenia’s flower industry is among the sectors affected by Russian trade measures.
Moscow introduced temporary restrictions on Armenian flower exports in May, citing the risk of plant diseases and pests, a justification that von der Leyen described as “questionable.”
Democrats' sweeping victory in the U.S. midterm elections has sent technology stocks plunging, as investors fear tougher AI regulations could slow infrastructure development and threaten the boom that has driven market gains this year.
Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
U.S. President Donald Trump has predicted a breakthrough in efforts to end the war in Ukraine after meeting Russian President Vladimir Putin’s envoy, Kirill Dmitriev, ahead of U.S.-mediated peace talks between Moscow and Kyiv in Abu Dhabi on 10-11 November.
Two people, including a child, were killed and 16 others injured when an intercity bus crashed in eastern France on Friday morning, authorities confirmed.
U.S. Defense Secretary Pete Hegseth has vowed to fight attempts to impeach him, dismissing the growing campaign against him as politically motivated amid mounting criticism of his handling of the war in Iran.
Armenia’s Prime Minister Nikol Pashinyan has said he hopes the country will have visa-free travel with the European Union (EU) by 2029, the country’s state news agency Armenpress has reported.
Azerbaijan, the United States and Armenia have launched trilateral technical planning groups to advance the Trump Route for International Peace and Prosperity (TRIPP), marking another step towards implementing the regional connectivity project agreed at the Washington peace summit in August 2025.
Syria is aiding Riyadh with military advice and training as Saudi Arabia comes under attack by Yemen's Houthis, and has sent a limited number of military personnel to the kingdom, two Syrian military sources and a senior U.S. official said.
India's delivery of guided Pinaka rockets to Armenia is drawing renewed attention as analysts assess the military and strategic significance of one of New Delhi's most prominent defence export deals.
Türkiye’s parliament has ratified a defence agreement with Saudi Arabia and Pakistan, strengthening military cooperation between the three countries amid rising tensions in the Middle East.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment