TASS4/22/2026PoliticsRussia
Russian Official Warns Armenia's EU Membership Could Cut GDP by 7.7%
Deputy Secretary of Russian Security Council says European customs system would halt free transit of goods
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- Alexey Shevtsov, Deputy Secretary of the Russian Security Council, warned that Armenia's accession to the EU could reduce its GDP by approximately 7.7%, citing the need to implement European customs controls, face market quotas for Armenian goods, and comply with European technical regulations requiring significant additional investments.
- He said these changes could also lead to a 7.48% drop in domestic consumption, 8.3 percentage point increase in inflation, and 4.1 percentage point rise in unemployment.
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Alexey Shevtsov, Deputy Secretary of the Russian Security Council, warned that Armenia's accession to the EU could reduce its GDP by approximately 7.7%, citing the need to implement European customs controls, face market quotas for Armenian goods, and comply with European technical regulations requiring significant additional investments. He said these changes could also lead to a 7.48% drop in domestic consumption, 8.3 percentage point increase in inflation, and 4.1 percentage point rise in unemployment.
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This article was originally published by TASS.
