Armenia's Economic Dependence on Russia Leaves It Vulnerable Amid Deteriorating Relations

Armenia relies heavily on Russia economically, with 40% of exports going there and dependence on Russian goods, gas, and remittances.

Russia's decision to postpone recognizing Armenian driver's licenses seen as political maneuver and signal of potential sanctions.

Trade between Armenia and Russia grew as Armenia re-exported Western goods to Russia, increasing economic ties and vulnerabilities.

Growing trade hasn't influenced worsening political relations between Armenia and Russia.

If institutional relations deteriorate, interactions will worsen, with sanctions having major economic impact.