Doing business
Armenia provides humanitarian aid to Ukraine, refraining from military support and expressing support for Ukraine’s independence, sovereignty and territorial integrity. The Republic of Armenia has publicly taken a neutral position on russia’s war against Ukraine, but has stated that it doesn’t support the Kremlin in circumventing sanctions.
In June 2023, Armenian Prime Minister Nikol Pashinyan said that his country is not an ally of russia in the war against Ukraine, stressing that the conflict significantly affects Armenia’s international relations. Yerevan has also withdrawn its permanent representative from the Collective Security Treaty Organisation (CSTO) and hosted the US military for peacekeeping training, which indicates a certain distancing from russia
Representatives of the Union of Armenians of Ukraine and the Embassy of the Republic of Armenia in Ukraine handed over 10 tonnes of medicines to the National Military Medical Clinical Centre “Main Military Clinical Hospital”. The humanitarian aid will be used in a number of clinical areas, including antibacterial therapy and pain relief for wounded and sick patients.
In February 2024, as part of a humanitarian project, representatives of the Union of Armenians of Ukraine and the Embassy of the Republic of Armenia in Ukraine delivered medical aid to a military hospital in Dnipro. The aid included medicines and medical supplies for the wounded Ukrainian military. Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Ukraine Vladimir Karapetyan expressed his gratitude to everyone who contributed to the organisation and delivery of this aid. It is also planned to transfer a similar cargo to a military hospital in Kharkiv.
Armenia also donated humanitarian aid for online learning – more than 1,000 smartphones, tablets and laptops for schoolchildren. These gadgets are primarily intended for children in the regions where most schools operate online. These are children who had to leave their homes due to the hostilities, children with disabilities, children from low-income families or children deprived of parental care.
In June 2024, political consultations were held between the Deputy Ministers of Foreign Affairs of Ukraine and Armenia to discuss ways to intensify political dialogue and topical issues of bilateral relations. Today, both countries continue to work on strengthening bilateral relations, supporting each other in the international arena and developing cooperation in various fields.
In 2023, foreign trade between Ukraine and Armenia showed positive dynamics, increasing by 13.6% compared to 2022 and reaching $94.6 million. This indicates the enhancement of economic ties between the countries and creates the basis for further cooperation.
Main export categories from Ukraine to Armenia:
Main goods imported from Armenia to Ukraine:
Growth in trade between Ukraine and Armenia demonstrates mutual interest in expanding economic relations and opens up new opportunities for businesses in both countries.
Development of mutually beneficial trade and economic cooperation also remains important for Dnipropetrovsk region. Despite the small volume of foreign trade with the Republic of Armenia, this country is a promising trade partner of the region.
Armenian enterprises are the main buyers of machinery and equipment, land transport, meat and edible offal, etc. Exports volume of goods from Dnipropetrovsk region amounted to $8.4 million and remained almost at the level of 2022.
51 companies in Dnipropetrovsk region exported their products to the Armenian market, including enterprises in the machine-building, processing and food industries.
Imports of goods from Armenia to Dnipropetrovsk region increased by 12% compared to 2022 and amounted to $4.6 million. 5 importers in the region bought Armenian goods the most, namely: alcoholic and non-alcoholic beverages, ferrous metals, and more.
Import operations were mainly carried out by metallurgical, trade, food and processing companies.
Source: information for this article was taken from open online resources