We decided to adopt a balanced and balancing foreign policy, which means that we will try to create a balance in our relations with the European Union and in our relations with Russia. Armenian Prime Minister Nikol Pashinyan stated this during a panel discussion Thursday on the margins of the World Economic Forum in Davos, Switzerland, and added that balanced relations are being tried to be created with regional powers also.

“Our [i.e. Armenia’s] relations with Iran are very important. We are trying to establish diplomatic relations with Turkey. We are trying to conclude a peace deal with Azerbaijan. And of course, it is not easy. But on the other hand, I do not think that it is impossible. It may seem strange, but, indeed, we are suspiciously transparent with all our international partners in our intentions. We share with all partners what we do with other partners.

Yes, we have decided to get closer to the European Union, but we are very intensively trying to share our position with Iran. We are trying to share our position very actively in Russia and with all our partners.

After all, Armenia is an independent country. And in these difficult times, of course, there are many, many challenges and numerous risks, but on the other hand, it is a huge period of change. It is unequivocal and obvious that times of change bring huge risks, but on the other hand, huge opportunities arise, and we are trying to manage the risks and use the opportunities,” the Armenian premier stated, emphasizing that this is the only pragmatic way forward.

“But we should not forget about balance, as losing balance can have very serious consequences for security, stability, not only for the country, but also in the region and in terms of global stability. We [i.e. Armenia] say that we want to be as interconnected as possible, but on the other hand, in this situation, any instability in any region of the world can start a chain process throughout the world, even in small countries, small regions, etc. And that is why I believe there is a need to be balanced and not forget about daily balance, which I believe is the most important [thing]," added the Armenian PM.