Armenia’s accession to the Russia-led Eurasian Economic Union (EEU) earlier this year appeared to further pigeonhole Armenia as Russia’s enduring ally. Nonetheless, Yerevan continues to seek political and commercial equilibrium in its relations with Russia and the West. Although the economic benefits of joining the EEU have been minimal, Armenia joined the bloc for political and security-oriented reasons, not economic and financial ones.
Now that Armenia’s “status” in the EEU has been clarified, Yerevan has the confidence to re-engage the European Union. Armenia attended the May 2015 EU Eastern Partnership Summit in Riga and, after a lull, is negotiating a new cooperative framework with Brussels. A balanced approach in building relations with the EEU and EU will remain a core element of Armenia’s foreign policy.