The European Union plans to establish a €270 million Resilience and Growth Plan for Armenia for 2024-2027.

European Commission President Ursula von der Leyen announced the aid package prior to today’s Brussels meeting with Armenian PM Nikol Pashinyan, E.U. High Representative/Vice-President, Josep Borrell, U.S. Secretary of State Antony Blinken and USAID Administrator Samantha Power.

“We will invest in making the Armenian economy and society more robust and resistant to shocks. We will support your businesses, your talents, your small and medium enterprises, so that we can help them to grow, to innovate and to access new markets,” Ursula von der Leyen said.

She welcomed measures that Armenia has taken against the circumvention of Western sanctions against Russia, especially to make sure that lethal equipment and technologies do not end up in the hands of the Russian military. 

“This shows that the European Union and Armenia are increasingly aligned in values and interests,” Ursula von der Leyen remarked, adding that the European Union and Armenia will discuss “a new and ambitious” Partnership Agreement.