The Eurasian Economic Union: A View from Armenia
By Benyamin POGHOSYAN, PhD, ISPI Senior Associate Research Fellow
Armenia signed an agreement to join the Eurasian Economic Union (EAEU) in May 2014 after halting the process of signing an Association Agreement with the European Union. Many observers noted that Armenia’s then-President Serzh Sargsyan reversed his foreign policy following a meeting with Russia’s president in September 2013 in a U-turn. This decision paved the way for Armenia’s EAEU membership and halted the negotiation of an agreement that would have included, inter alia, a free-trade agreement with the EU. The reversal was likely made under Russian pressure and was influenced by geopolitical and geo-economic considerations. Armenia, supporting the self-proclaimed Nagorno-Karabakh Republic in its conflict with Azerbaijan, saw its alliance with Russia as a crucial deterrent against hostile neighbours, including Azerbaijan, which had significantly increased its military spending.
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| External Relations | The Caspian and Central Asia
