摘要:The article examines foreign policy challenges regarding Armenia's participation in integration models proposed by the EU and Russia, which have changed their role in the contemporary international relations. The discussion focuses on the case study of Armenia to explore how the country is affected by the growing tensions between the EU and Russia and whether it manages to combine two integration models. It argues that growing tensions between the EU and Russia have not allowed Armenia to achieve the Russian-European balance. However, the multi-vector foreign policy strategy allows to maintain and enhance political and economic cooperation with both parties.