Russia's trade turnover with Armenia decreased by 21.5 percent

Russia's trade turnover with Armenia decreased by 21.5 percent.

Consensus

The trade volume between Russia and Armenia decreased by 21.5% from January to May 2026 compared to the same period in 2025.
The trade volume between Russia and Armenia was $2.196 billion for January–May 2026, down from $2.763 billion in the same period of 2025.
Russia's share in Armenia’s total trade fell from 35.1% to 28% in the first five months of 2026.
The overall trade volume of Armenia for January–May 2026 was $7.865 billion, a 0.1% decrease compared to $7.870 billion in 2025.
Trade between Armenia and other EAEС countries increased: with Belarus by 8.3%, Kazakhstan by 10%, and Kyrgyzstan by 194.8%.
The share of EAEС in Armenia’s trade dropped from 36.7% to 29.8% in the first five months of 2026.

Armenia increased its trade with Belgium by a factor of two, with Bulgaria and Cyprus by 5.5 times, with Poland and Brazil by 2.2 times, and saw over 30% growth with France, Germany, and Portugal. — fontanka
Armenia has set a course toward distancing from Russia and closer ties with the European Union (EU), regularly aligning with EU positions on international platforms. — vm
Russia began restricting imports of Armenian goods in May, including flowers, vegetables, berries, mineral water 'Djermuk', grapes, stone fruits, and fish; the Russian Federal Consumer Protection Service suspended import and sale of all batches of Armenian mineral water. — vm
The Vice Prime Minister of Russia, Alexey Overchuk, estimated Armenia’s losses from political signals about Eurointegration at $5.1 billion; the Chairman of the State Duma, Vyacheslav Volodin, warned that Armenia's exit from EAEС could cost it no less than $5 billion or 15–20% of GDP. — vedomosti