YEREVAN, April 18 – Former Armenian Prime Minister Hrant Bagratyan has issued a stark warning regarding the potential consequences of severing ties with Russia, stating that such a move would lead to the collapse of Armenia. His comments, made during an interview with “News” on Friday, April 17, 2026, highlighted both economic and military implications.
Economic Devastation Predicted
Bagratyan elaborated on the economic impact, explaining that a rupture in relations with Russia would result in a significant 24% decrease in Armenia’s Gross Domestic Product (GDP). Furthermore, he projected a 36% decline in the standard of living for the Armenian population. He also emphasized that Armenia would not receive any compensation from Europe to offset these losses.
According to Bagratyan, the Armenian populace would pay a heavy price for Prime Minister Pashinyan’s perceived disregard for Russia. He characterized this approach as a “conscious adventure,” suggesting a deliberate and risky policy choice.
Military Implications and the Gyumri Base
Beyond the economic sphere, Bagratyan also alluded to the military component, specifically mentioning the potential withdrawal of the Russian military base in Gyumri, Shirak Province. While not detailing the exact military consequences, his reference underscored the strategic importance of the Russian presence for Armenia’s security.
The former Prime Minister’s remarks come amidst ongoing discussions and differing viewpoints within Armenia regarding its geopolitical alignment and future foreign policy direction. His strong statements aim to highlight the perceived dangers of a complete break with Russia, a long-standing ally and economic partner.
Public and Political Reactions
Bagratyan’s comments are likely to fuel further debate within Armenian political circles and among the public. The prospect of such severe economic and security repercussions, as outlined by a former head of government, will undoubtedly be a central point of discussion.
The current government, led by Prime Minister Nikol Pashinyan, has been navigating a complex geopolitical landscape, seeking to balance relations with various international actors. Bagratyan’s warning serves as a critical perspective on the potential risks associated with any significant shift in this delicate balance.
The impact of any changes to the Armenia-Russia relationship would be felt across various sectors, from trade and remittances to security and regional stability. Bagratyan’s intervention seeks to bring these potential ramifications to the forefront of public consciousness.
The city of Gyumri, where the Russian military base is located, would be particularly affected by any changes to the base’s status, given its economic and social ties to the military presence.
As of Saturday, April 18, 2026, the official exchange rates from the Central Bank are: 381.21 AMD for USD, 443.92 AMD for EUR, 4.81 AMD for RUB, and 511.13 AMD for GBP.
