Why It Matters
In recent decades, after the Soviet Union's collapse, Moscow has closely monitored the former Soviet republics' movements toward the West.
This time the case is true for Armenia's potential accession to the European Union (EU) which poses significant implications for its economic relationships, particularly with the Eurasian Economic Union (EAEU).
The Big Picture:
As Armenia navigates its path toward EU membership, it faces the challenge of balancing its commitments between two contrasting economic blocs.
Russian Deputy Prime Minister Alexey Overchuk's statements reflect a broader concern within Russia regarding Armenia's shift toward the West and the potential loss of economic ties with the EAEU, which includes several former Soviet states.
Key Points:
- Armenia's accession to the EU will lead to a closure of EAEU markets for Armenian goods.
- Joining the EU is a lengthy process and urged patience as Armenia engages in legislative discussions.
What They are Saying:
Overchuk remarked, "This is a signal for us that the start of joining the European Union is the beginning of leaving the EAEU." He criticized those in Armenia who claim that a solution could be found to retain benefits from both unions, labeling such assertions as misleading. He concluded by stressing that "nobody should have any illusions" about the consequences of this geopolitical shift.
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