The European Union is preparing a new round of sanctions against Russia while stepping up political and economic support for Armenia, underscoring the widening divide between Moscow and one of its traditional allies. Recent EU measures target Russia’s banking sector, energy revenues and sanctions-evasion networks as Brussels seeks to increase pressure over the war in Ukraine.
At the same time, the EU has pledged more than €50 mln in emergency assistance to Armenia after Russia imposed new restrictions on Armenian exports. European Commission President Ursula von der Leyen described Moscow’s actions as “economic coercion” and vowed support for...