Von der Leyen: EU to support Armenia if Russia raises gas prices

The European Union is ready to support Armenia in the event of a possible increase in prices for natural gas supplied to the country by Russia, European Commission President Ursula von der Leyen said during a joint statement with Armenian Prime Minister Nikol Pashinyan in Yerevan, Report informs via Interfax.

"Regarding energy, Armenia needs a strategic and multi-layered approach. Just as we are helping the country diversify its trade, we also want to promote the diversification of its energy sources. A team of EU experts will visit Armenia next week," von der Leyen said.

According to her, the European Union already has significant experience in diversifying energy supplies and intends to invest in strengthening energy security in the South Caucasus, as well as in developing new energy exchange routes.

"We are talking about an investment of 25 million euros. Furthermore, we are supporting Armenia in developing renewable energy, which also contributes to strengthening the country's energy security," the head of the European Commission emphasized.