Armenian Elections Fallout: Armenia’s Central Election Commission annulled results at two polling stations, shifting vote totals and leaving Prosperous Armenia down 213 votes, as recount disputes continue after the June 7 parliamentary vote. Export Shock from Russia: Rosselkhoznadzor moves to restrict imports of all quarantine-controlled products from Armenia starting June 12, citing repeated pest detections and warning that Armenia’s phytosanitary oversight is failing. Broader Trade Pressure: Armenia has applied to the Eurasian Economic Commission to review Russia-linked export restrictions, while authorities also plan compensation for fruit, wine, brandy and mineral water exporters facing market access losses. Fiscal Policy Watch: The government approved excise tax code amendments that will index excise rates and sharply raise tobacco and nicotine product taxes, including steep hikes for vapes and heated tobacco. Banking & Social Support: Armenia is preparing new mechanisms to repay Soviet-era Sberbank deposits, after 4,010 citizens received compensation in 2025. Business Moves: Wildberries and Unibank launched installment purchases in Armenia, offering financing up to 2.5m drams over as long as 36 months. Diplomacy for Growth: Armenia and Luxembourg discussed expanding economic cooperation, with a focus on trade logistics and EU-linked export diversification.