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European Council Introduce Trade-Liberalization for Armenia

The EU Council is liberalizing Armenian exports to the EU in response to Russia’s ongoing trade restrictions.

The European Council has agreed on temporary trade-liberalization measures for Armenia amid Russian restrictions

These measures will liberalize around 80% of the exports to the EU for two years

The agreement comes with certain conditions that will safeguard EU producers

Russia has gradually imposed trade restrictions on Armenia since the country’s closer ties with the EU

Source: European Council

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