Armenia's unique geopolitical position allows it to leverage its relationship with Russia to navigate Western sanctions, actively engaging in trade and re-exportation.
Throughout 2022 and into 2023, Armenia's trade with Russia surged, with expectations that it could reach $14-$16 billion by the year's end due to its re-exporting activities.
Facilitating trade between sanctioned Russian entities and the international market, Armenia is using its connections to benefit economically amid complicated geopolitical tensions.
Despite its complicated history with Russia, Armenia's increased economic cooperation showcases its strategic maneuvering in a challenging international landscape.
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