Where do we—and not just Russia, but all other EAEU members—see the advantage of joining and strengthening this union?

First of all, it is access to a large and protected market across the entire EAEU, both Russian and that of other member countries. This was stated today, May 29, by Russian President Vladimir Putin at a press conference, in response to a question regarding the situation surrounding Armenia.

"Duty-free trade, as well as common technical and phytosanitary standards, as I have already mentioned. This also guarantees market access.

Simplified logistics. We do not share a common border, but we have nevertheless managed to ensure that the movement of goods, as well as services, is provided in the most economically viable way.

I will touch upon what exactly this means in a moment.

Low energy prices.

It is 600 euros in Europe compared to just over 150. An incomparable difference for Armenia. But I am listing everything as it comes. Everyone always says: 'Ah, look at the energy resources.' It is important, but it is not the only upside, not the only advantage," the Russian President noted.

According to Putin, this list also includes active investments.

"According to data from the Eurasian Development Bank, cumulative investments in Armenia amount to 4.9 billion dollars. Out of this total, 86% is of Russian origin.

And this does not even take into account capital of Russian origin that comes through indirect routes.

In other words, it doesn't come directly from Russia. Representatives of Armenian business are essentially investing from Russia, but through third-party financial instruments. So, 86% is not the full picture. In reality, it is much higher.

Meanwhile, after the meeting in Yerevan, let's say, the European partners promised to invest 2.5 billion euros. How will they invest it? When will they invest it? That remains to be seen. But 2.5 is still less than 4.9, plus the indirect investments that are essentially Russian capital too.

Next, participation in free trade agreements.

Those will be closed off as well.

What will this lead to?

First, it will lead to the restoration of full-scale customs controls and customs duties. We need to calculate—we really need to calculate what that entails.

Second, it will mean the end of mutual recognition of documentation precisely in the field of technical regulations and phytosanitary standards. Agricultural products are currently exported to our market. If that happens, we will stop recognizing those standards," he said.