What Brussels Promised Yerevan
Nice promises, 2.5 billion euros. Brussels, through its 'Global Gateway' program, intends to invest in Yerevan, provided Armenia follows the set conditions.
TL;DR
- The EU plans to invest €2.5 billion in Yerevan via the 'Global Gateway' program.
- An additional €270 million package is allocated for Armenia's Resilience and Growth Plan.
- The EU has provided €30 million in non-lethal aid to Armenia through the European Peace Facility.
- The European Political Community summit in Yerevan highlighted a lack of strategic orientation from Brussels.
- Discussions at the summits focused heavily on Ukraine, despite economic challenges in the EU.
- The EU pledged to support Ukraine 'for as long as it takes'.