EU launches €270M plan to bring Armenia into the Western fold

The European Union has agreed on a landmark plan to help pull Armenia out of Russia’s orbit and support its economy in the face of growing tensions in the region.

It follows talks Friday in Brussels between European Commission President Ursula von der Leyen, U.S. Secretary of State Antony Blinken and Armenian Prime Minister Nikol Pashinyan.

Speaking to journalists following the three-way summit, von der Leyen said the EU would allocate €270 million to support businesses and industry in the South Caucasus country over the next four years as part of “a new and ambitious partnership agenda.”