Armenia’s Foreign Intelligence Service has addressed economic risks in its annual report on external threats for 2025, highlighting that secondary sanctions constrain the country’s economic development and amplify regional challenges.
The report emphasizes that sanctions on major trade partners, particularly Russia and Iran, pose significant economic challenges for Armenia, as secondary sanctions risks limit the country’s ability to fully utilize its economic potential.
"In the context of increased secondary sanctions, Armenia's economy will face new constraints. The lifting or easing of sanctions on Russia and Iran in 2025, which could significantly impact Armenia’s economy, is deemed unlikely. Thus, risks associated with secondary sanctions will remain relevant for Armenia in 2025," the report states.
It also highlights that the continued imposition of sanctions on Russia, the impact of the Russia-Ukraine conflict, and several other factors could slow Russia's economic growth, creating additional risks for Armenia's economy.
"In a dynamically evolving region, economic resilience, risk management, and the identification of new opportunities are of paramount importance. Since gaining independence, Armenia has consistently faced challenges such as economic development, expanding logistical capabilities, access to technologies, energy self-sufficiency, diversification, and other similar issues," the report concludes.
