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EU tells Armenia ‘you can count on us’ as Russia keeps up economic pressure

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July 2 (Reuters) - The European ‌Union pledged an additional €18 million in economic support for Armenia ​on Thursday and liberalised some export rules for its goods as Brussels seeks to shore up ⁠support for the South Caucasus country amid Russian trade pressure.

Moscow imposed wide-ranging trade restrictions on Armenia in the lead-up to a parliamentary election in June, which ​saw the incumbent Civil Contract party clinch 49.8% of the votes.

Russia accused the West of interfering ‌in the vote, and joined Armenia's opposition in alleging election violations.

The restrictions from Moscow — imposed as Armenia has sought closer ties to the West and membership of the EU — ⁠have hit many key Armenian exports, including fresh produce, flowers, ⁠fish and alcoholic products.

Armenia is a member of a Russian-led economic union, and Moscow accounted for about 35% of Armenia's foreign trade last year, compared with 11% for the EU, according to government statistics.

On a visit to the Armenian capital ‌Yerevan on Thursday, European Commission President Ursula von der Leyen told Prime Minister Nikol ⁠Pashinyan that Brussels would boost its support and help ‌bring Armenian goods to European markets faster.

"I know ​Armenia is still facing significant economic pressure from Russia," von der Leyen said. "But rest assured: when pressure mounts on our partners, the EU steps up... You ‌can count on us."

Von der Leyen said the EU ​would remove tariffs from nearly 80% ⁠of Armenian exports heading to the EU, streamlining access to the ‌bloc's roughly 450 million consumers.

The €18 million disbursement ⁠announced on Thursday is part of a broader €52 million package the EU drew up for Armenia in early June.

On a visit to Azerbaijan on Wednesday, von der ​Leyen said Brussels had ‌pledged €200 million in grant funding to boost transport, energy and digital links across the ⁠South Caucasus that is designed to support ​peace between Azerbaijan and Armenia after nearly 40 years of war.  

(Reporting by ​Lucy Papachristou; Editing by Alex Richardson)

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