Armenia's Economic Dependence on Russia Leaves It Vulnerable Amid Deteriorating Relations
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Armenia relies heavily on Russia economically, with 40% of exports going there and dependence on Russian goods, gas, and remittances.
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Russia's decision to postpone recognizing Armenian driver's licenses seen as political maneuver and signal of potential sanctions.
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Trade between Armenia and Russia grew as Armenia re-exported Western goods to Russia, increasing economic ties and vulnerabilities.
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Growing trade hasn't influenced worsening political relations between Armenia and Russia.
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If institutional relations deteriorate, interactions will worsen, with sanctions having major economic impact.
