The trade between Armenia and Russia has reached a record $14 billion, which was due to membership in the Eurasian Economic Union (EAEU), Russian Foreign Minister Sergey Lavrov said, TASS reports.

"Due to the fact that the EAEU provides Armenian goods with free access to the markets of other member countries of the union, Armenia's foreign trade—first of all, with the Russian Federation—has reached record levels. Now [it] amounts to $14 billion, which has never happened,” the Russian foreign minister said.

Lavrov recalled that Armenia became a full member of the EAEU in 2015, when its GDP was $10.5 billion. But now, according to the Russian FM, that figure has reached $26 billion, and “During the period of membership in the Eurasian Economic Union, Armenia’s GDP has more than doubled.”

“It is difficult to ignore the figures that characterize Armenia’s economic development over the past ten years,” Sergey Lavrov added.