Despite facing challenges, being a member of the Eurasian Economic Union (EAEU) has significant advantages for Armenia. The absence of customs barriers, a seamless environment, free movement of capital and labor, as well as access to the extensive EAEU market are key factors contributing to the country’s current economic growth, according to economist Tatul Manaseryan, the head of the “Alternative” Research Center and is a member of the Eurasian Expert Club.

The economist highlighted that during the meetings of the Supreme Eurasian Economic Council of the EAEU in the Kremlin and the Eurasian Intergovernmental Council in Sochi, Russia, the Armenian PM explicitly emphasized that Russia serves as Armenia’s primary trade partner and is a significant factor in the country’s rapid economic growth.

“As for the Crossroads of Peace project of the Armenian side, Moscow supports its implementation. The [regional] communication unblocking plan presented by the Armenian government assumes that the [regional] infrastructures should operate under the country's jurisdiction through which they pass. Russia is funding the construction of the fourth tranche of the North-South Road corridor by using funds from the Eurasian Fund for Stabilization and Development. The amount of assistance in this direction now amounts to $150 million,” Manaseryan added.