Russia-Armenia trade drops 66% in 2026
Russia's trade with Armenia fell by two-thirds in 2026 compared to 2025, continuing a downward trend that began after reaching a peak of $12 billion in 2024. The decline is attributed to Russian import restrictions on Armenian agricultural products and deteriorating diplomatic relations.
Consensus
- The trade volume between Russia and Armenia in 2026 decreased by approximately two-thirds compared to 2025.
- The trade volume between Russia and Armenia reached a peak of $12 billion in 21024.
- In 2025, the trade volume was approximately $8 billion.
- The decline in trade is considered predictable by Russian officials.
- Russia has imposed import restrictions on certain Armenian agricultural products, including fruits, vegetables, dairy, and alcohol.
- The restrictions are officially justified by Russian authorities as related to phytosanitary concerns.
- The share of Russia in Armenia's total trade volume has decreased from 35.1% in 2025 to 28% in 2026.
- The share of Russia in Armenia’s trade with the EAECS has declined from 36.3% to 29.4% in 2026.
- Russian officials have stated that the situation with Armenia and the EAECS was foreseeable and risks were previously communicated to Armenian counterparts.
- The decline in trade coincides with a deterioration in diplomatic relations between Russia and Armenia.
Points of divergence
- The trade volume in 2026 fell by two-thirds compared to the previous year, and the decline will continue. — kommersant
- The trade volume fell by more than 30% in 2025 and continued to decline in 2026. — vedomosti
- The trade volume in 2026 dropped by two-thirds compared to 2025. — interfax
- The trade volume fell by 20.9% in the first half of 2026 compared to the same period in 2025. — vesti
- The trade volume in 2026 declined by two-thirds compared to 2025. — m24
- The decline is linked to the worsening of diplomatic relations between Moscow and Yerevan, including the European Political Community summit where Ukrainian President Zelensky spoke and made threats against Moscow. — vedomosti
- Japan's trade with Russia in May 2026 increased by 5.76%, but imports of Russian LNG, coal, iron, and steel decreased. — m24
Coverage (5 sources)
- Trade volume between Russia and Armenia decreased by two-thirds in 2026 — Коммерсантъ
- Overchuk: Trade turnover between Russia and Armenia has decreased by two-thirds — Ведомости
- Overtchuk reported a reduction in Russia and Armenia trade turnover by two-thirds over the year — Интерфакс
- Trade turnover between Russia and Armenia fell by 20.9% in the first half of 2026 — Вести
- Russia-Armenia trade turnover fell by two-thirds compared to 2025 — Москва 24
Key entities
- Russia
- Armenia
- Alexey Overchuk
- TASS
- Moscow
- INTERFAX.RU
- RIA Novosti
- Turnover
- Committee on Statistics
- Cholpon-Ate