EU, Armenia agree to step up fight against circumvention of sanctions against Russia

The European Union and Armenia have agreed to strengthen cooperation in monitoring compliance with sanctions against Russia imposed due to military actions in Ukraine, according to a press release following a meeting of European Council President Antonio Costa and European Commission President Ursula von der Leyen with Armenian Prime Minister Nikol Pashinyan held in Brussels Monday, Report informs.

The parties "agreed to continue collective efforts to that end."

They also noted with satisfaction the progress in the visa liberalisation process and Armenia’s recent law 'On the Launch of the process of European integration,' according to the statement.

"Under the Global Gateway strategy, EU investments in Armenia are now expected to reach €2.5 billion, fostering inclusive growth and connectivity. The €270 million Resilience and Growth Plan, announced in April 2024, boosted EU funding to Armenia by 50%," it said.

"President Costa and President von der Leyen also acknowledged Armenia’s ongoing efforts to promote stability in the South Caucasus, particularly through continued engagement in peace talks with Azerbaijan and steps towards the normalisation of relations with Türkiye," reads the press release.

The leaders also underlined the importance of the possibility to include Armenia in the European Union’s regional and economic initiatives, particularly within the framework of the Black Sea Strategy.