The Armenian Renaissance Party has issued a statement, saying it will not contest the results of Sunday’s election.

The party expressed gratitude to 58,000 votes for their principled stance and unbiased attitude.

“For the first time in Armenia the political forces had the opportunity to present their election platforms thanks to balanced TV coverage, but the ideological factor yielded to the material and administrative factors,” the statement reads.

The party announced it “will not contest the election results and will not participate in any post-election public events or rallies”. The party also congratulated the forces that made it to the National Assembly and wished them productive activity for the benefit of the Republic of Armenia.