TASS4/22/2026BusinessRussia
Russia Warns Armenia: EAEU Exit Would Cut GDP by 15%, Spike Inflation by 14%
Security Council Deputy Secretary Shevtsov outlines severe economic consequences of Armenia leaving Eurasian Economic Union, cites Putin's position on EU deal incompatibility
Quick Look
- Russian Security Council Deputy Secretary Alexey Shevtsov warned that Armenia's withdrawal from the Eurasian Economic Union would cause GDP to fall 15.1% ($3.65 billion), inflation to rise 14.3 percentage points, and unemployment to increase 6.5 percentage points.
- Industrial production would decline 26.3%, with metallurgy, beverages, tobacco, and food sectors most affected.
- Shevtsov cited President Putin's statement that profiting from both the EU and EAEU is impossible.
AI-generated summary
Font size
Russian Security Council Deputy Secretary Alexey Shevtsov warned that Armenia's withdrawal from the Eurasian Economic Union would cause GDP to fall 15.1% ($3.65 billion), inflation to rise 14.3 percentage points, and unemployment to increase 6.5 percentage points. Industrial production would decline 26.3%, with metallurgy, beverages, tobacco, and food sectors most affected. Shevtsov cited President Putin's statement that profiting from both the EU and EAEU is impossible.
Related Topics
This article was originally published by TASS.
