At the St. Petersburg International Economic Forum, Russian Foreign Ministry Spokeswoman Maria Zakharova firmly stated that Russia will not finance Armenia's journey towards European Union membership, criticizing the EU for its support of Ukraine. Zakharova emphasized that Armenia cannot pursue both EU integration and membership in the Eurasian Economic Union (EAEU), highlighting the need for a clear policy direction from Armenian leadership. She pointed out that past claims about the Collective Security Treaty Organization's withdrawal from Armenia were misleading, as the EAEU has not withdrawn. Despite Armenia's recent parliamentary law passed on March 26, 2025, to initiate EU accession, Prime Minister Nikol Pashinyan has indicated that Armenia intends to maintain its EAEU membership while seeking closer ties with the EU. However, Putin has warned that such a dual approach is not sustainable, as joining the EU would nullify the advantages of EAEU membership. The SPIEF is focused on creating a new global development model amidst economic changes.