The Russian government has outlined the potential consequences of suspending Armenia’s membership in the Eurasian Economic Union (EAEU).

The report notes that compliance with EU regulations would violate Armenia’s obligations under the EAEU treaty, giving Russia, Belarus, Kazakhstan, and Kyrgyzstan grounds to consider suspending Armenia’s participation in the union.

According to a joint report by Russia, Belarus, Kazakhstan, and Kyrgyzstan, suspending Armenia’s EAEU membership would result in the reintroduction of customs controls and taxes.

Furthermore, gas prices in Armenia could rise by 69%.